BKPM Revokes 108 Mineral and Coal Mining Business Licenses (IUP); Details Inside
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The Indonesian Investment Ministry/Investment Coordinating Board (BKPM) has revoked 180 mining business licenses (IUP) for minerals and coal (minerba). This revocation includes 112 mineral IUPs and 68 coal IUPs.
These 180 revoked IUPs were held by 165 business actors, comprising both corporate entities and individuals; 68 coal business actors and 97 mineral business actors.
Exactly half (50%) of the revoked coal IUPs are located in East Kalimantan, totaling 34 IUPs. Meanwhile, the highest number of revoked mineral IUPs is in the Riau Islands, with 17 IUPs (15.18%).
In 2022, the government targeted the revocation of 2,343 mineral and coal IUPs. This includes mining for gold, nickel, cobalt, coal, manganese, and type C minerals.
Furthermore, there are plans to revoke 192 forestry sector permits (IPPKH, HPH, HTI) covering a total area of 3,126,439 hectares, and HGU (Hak Guna Usaha - Right to Use Land) for plantations totaling 34,448 hectares.
"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."
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