Jakarta, CNBC Indonesia - Indonesia is soon to have its own Mineral\nand Strategic Commodity Exchange (BMKS), also known as the Indonesia\nCommodity Exchange (ICOMEX). The inauguration of Icomex is scheduled for\ntoday, 17 September 2026.<\/p>\n
The Chief Executive of BMKS at the Financial Services Authority\n(OJK), Sarjito, stated that today marks a significant milestone as two\nDraft OJK Regulations (RPOJK)\u2014concerning both the transition of the\nMineral and Strategic Commodity Exchange and its operational\nmanagement\u2014are to be promulgated.<\/p>\n
\u201cSeptember 17, 2026, is a very important day, where the RPOJK\nregarding the transition of the Mineral and Strategic Commodity Exchange\nand the RPOJK regarding its management will and must be enacted, and\nwithin that framework, the formation of ICOMEX will take place,\u201d said\nSarjito during a Hearing (RDP) with Commission XI of the Indonesian\nHouse of Representatives (DPR RI) in Jakarta, as quoted on Wednesday\n(17\/9\/2026).<\/p>\n
According to Sarjito, the operational permit for the Mineral and\nStrategic Commodity Exchange is targeted for issuance in January 2027.\nOnce the permit is granted, the OJK will commence its regulatory and\nsupervisory functions over the mineral exchange\u2019s activities.<\/p>\n
He added that the inaugural transactions through the Icomex entity\nare expected to take place on 4 January 2027. With the commencement of\nthese operations, Indonesia will enter a new era in the management of\nmineral and strategic commodity trading.<\/p>\n
Sarjito emphasised that the OJK, alongside various relevant parties,\ncontinues to undergo preparations to ensure that the formation and\noperation of the exchange proceed according to plan. This step is\nexpected to support a more transparent, organised, and supervised\ngovernance of mineral and strategic commodity trade.<\/p>\n
It is noted that the Mineral and Strategic Commodity Exchange is a\nmandate of Law Number 4 of 202<0xA0>6 regarding the Amendment to\nLaw Number 4 of 2023 on the Development and Strengthening of the\nFinancial Sector (P2SK).<\/p>\n
The exchange will be managed under the supervision of the Financial\nServices Authority (OJK) and is targeted to begin operations on 1\nJanuary 2027. This policy follows the formation of PT Danantara\nSumberdaya Indonesia (DSI) and the implementation of the single-door\nexport policy previously announced by the government.<\/p>\n
As is well known, President Prabowo Subianto intends to establish an\nIndonesia Reference Price so that the benchmark prices for Indonesia\u2019s\nexport commodities are formed domestically, rather than relying on\noverseas exchanges.<\/p>\n
President Prabowo assessed that for decades, Indonesia has been a\nmajor producer of various global commodities but has lacked influence\nover price formation. According to him, this condition has prevented\nIndonesia from fully enjoying the added value of its trade.<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/icomex-mineral-exchange-to-be-established-today-operations-set-for-4-january-2027-1789610144", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }