Coal and nickel miners have been speculating about several plans to develop downstream mining industries set out in the government’s proposed omnibus bill on job creation, despite having demonstrated a lukewarmth response to the initiative. The miners, albeit supportive of Indonesia’s industrialization ambitions, are concerned over the scalability of these planned incentives, particularly for smaller mining companies, many of whom lack the financial muscles to build coal-fired power plants, coal gasification plants and nickel smelters, among other downstream mining facilities. “We don’t have the equity to find a partner, so many smelter projects are stalled,” said Meidy Katrin, secretary general of the Indonesian Nickel Mining Association (APNI), whose members are small- and mid-sized miners. The Coordinating Economic Ministry revealed on Jan. 22 th...
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February 03, 2020 at 11:01AM
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Smaller coal, nickel miners concerned over proposed omnibus bill incentives - Jakarta Post
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