The Financial Services Authority (OJK) is opening opportunities for\nprofessionals wishing to register as the Chief Executive of the Mineral\nExchange Supervisory Board. The selection will be managed through a\nSelection Committee (Pansel).<\/p>\n
Chair of the Board of Commissioners of the Financial Services\nAuthority, Friderica Widyasari Dewi, stated that the exchange is planned\nto become effectively operational on 1 January 2027. This is in\naccordance with the mandate of the Law on the Development and\nStrengthening of the Financial Sector (P2SK).<\/p>\n
\"There will be a new Chief Executive for the Supervisory Board of the\nMineral and Strategic Commodities Exchange. If you are interested in\napplying, please register with the Pansel,\" said Friderica, who is often\ncalled Kiki, to reporters at the Indonesia Stock Exchange (BEI) Building\nin Jakarta on Wednesday (15\/7\/2026).<\/p>\n
Beyond the official appointment, Kiki added that much needs to be\nprepared in establishing this exchange, including infrastructure and\nderivative regulations from the OJK. \"A lot needs to be prepared,\nespecially infrastructure and regulations. At the very least, the OJK\nRegulation (POJK) must also be in place,\" she explained.<\/p>\n
The presence of the Mineral Exchange is considered capable of\npromoting market efficiency and transparency, risk management, access to\nfinancing, supply chain efficiency, and increasing downstream\ncompetitiveness. Furthermore, a reliable regulatory, supervisory, and\nmarket infrastructure framework will support mineral downstreaming\nthrough transparent trading, efficient transaction settlement, and\ncommodity-based financing. Support and involvement from all stakeholders\nare necessary to ensure the mineral and strategic commodities exchange\ncan develop credibly and competitively.<\/p>\n
The Mineral Exchange is also expected to become a trading hub and a\nrecognised price reference at both the regional and global levels.<\/p>\n
On the same occasion, Chair of Commission XI of the Indonesian House\nof Representatives (DPR RI), M. Misbakhun, said the establishment of the\nMineral and Commodities Exchange is intended to measure market-driven\nprice levels. He noted that Indonesia\u2019s minerals and commodities have so\nfar suffered from under-invoicing, not only in terms of price but also\nvolume.<\/p>\n
Even though Indonesia is a world producer of minerals, with coal\naccounting for 43% of international trade, Misbakhun stressed that the\ncountry has vast wealth in palm oil, gold, silver, and copper, yet still\nexperiences under-invoicing. Consequently, the government wants to\nstrengthen governance. \"So far, there has been under-invoicing not only\nof prices but also of volumes, resulting in reduced tax revenues and\nlevies. This is what will be fixed; it must be addressed for better\ngovernance,\" he said.<\/p>\n
The establishment of the Mineral Exchange is also a response to the\nchanging geopolitical map and financial landscape.<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/ojk-opens-recruitment-for-chief-executive-of-mineral-exchange-supervisory-board-1784119934", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }