Bahlil Postpones Mining Royalty Implementation, Here's Why

REPUBLIKA.CO.ID, JAKARTA – The Minister of Energy and Mineral Resources (ESDM), Bahlil Lahadalia, has postponed the implementation of mining royalties for copper, tin, nickel, gold, and silver commodities in order to develop a better formulation.

“After hearing input from the public and business associates, I will put this on hold to build a good formulation that is mutually beneficial,” Bahlil stated when met at the Ministry of ESDM office in Jakarta on Monday (11/5/2026).

The new formulation regarding mining royalties, he said, will be aimed at benefiting both the state and businesses. Furthermore, Bahlil explained that the public hearing on 8 May 2026 regarding the proposed changes to royalty rates for copper, tin, nickel, gold, and silver commodities was for socialisation purposes and not yet a decision.

“(The June target) we are still considering. Even if we have to find an ideal formulation that does not harm businesses, but also optimises state revenue,” Bahlil said.

Sentiment regarding mining royalties has influenced the movement of the Composite Stock Price Index (IHSG) on the Indonesia Stock Exchange (BEI). The IHSG opened weaker on Monday (11/5/2026) morning by 9.46 points or about 0.14 percent to the level of 6,959.94.

Equity Analyst at PT Indo Premier Sekuritas (IPOT), Hari Rachmansyah, in Jakarta on Monday (11/5/2026), assessed that the IHSG’s movement over the next three trading days will be heavily influenced by global geopolitical dynamics and commodity royalty policy.