New Regulations on Mineral Refining and Export

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The Indonesian Minister for Energy and Mineral Resources has introduced Regulation No. 6 of 2024*, which provides an extended deadline for mining companies involved in refining copper, iron, lead, and zinc to export their processed products.

Originally, these companies faced a deadline of 31 May 2024, but under the New Regulations, this has been extended to 31 December 2024. This extension is specifically aimed at companies in the commissioning phase of their refining facilities, giving them additional time to reach optimal production levels before the new deadline.

To qualify for this extension, mining companies with existing permits (IUP) or special permits (IUPK) must meet specific eligibility criteria set out in the New Regulations. These companies must obtain approval from the Director General of Foreign Trade to legally export their products. Additionally, before receiving export approval, companies in the production phase must secure a recommendation from the Director General on behalf of the Minister, which will be valid until 31 December 2024. Notably, existing export recommendations issued under the previous regulation (Ministerial Regulation No. 7 of 2023) will remain valid until their expiration, even after the New Regulations come into effect.

This regulatory extension is designed to ensure that mining companies have sufficient time to complete and optimise their refining facilities, which in turn supports the growth of Indonesia’s domestic mineral processing industry. At the same time, the extended deadline allows these companies to continue participating in international markets, balancing the development of domestic infrastructure with the benefits of global trade.

*Regulation of the Minister of Energy and Mineral Resources of the Republic of Indonesia Number 6 of 2024 concerning The Completion of Construction of Domestic Refinery Facilities for Metal Minerals came into force on 1 June 2024. This Regulation revokes Regulation of the Minister of Energy and Mineral Resources of the Republic of Indonesia Number No. 7 of 2023 concerning the Continuation of Construction of Domestic Refinery Facilities for Metal Mineral.