"After hearing input from the public and fellow entrepreneurs, I will postpone this implementation to develop a good, mutually beneficial formulation," Bahlil stated here on Monday.
He said the new formulation for mining royalties will be sought to be one that benefits both the state and businesses.
Furthermore, Bahlil stated that the hearing on May 8, 2026, regarding the proposed changes to royalty rates for copper, tin, nickel, gold, and silver, is for public outreach and has not yet been finalized.
“It is still being considered. Even if it is, we must find an ideal formulation that will not harm the businesses but will also optimize state revenue," Bahlil noted.
Earlier in March, the government was said to be considering opening new sources of state revenue by increasing the royalties on gold, nickel, and coal.
The increase is intended to balance the market as currently, the prices of gold and nickel are relatively high.
The government’s initial plan is to increase the royalties from 1.5 percent to 3 percent, adjusted to the price of each commodity.
Once it is applied, the royalty increase policy will apply to all players, including Freeport Indonesia.
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Translator: Putu Indah Savitri, Yashinta Difa
Editor: Rahmad Nasution
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