Minister Bahlil Postpones Implementation of Mining Royalties

After hearing input from the public and business associates, I will postpone this to build a good formulation that is mutually beneficial. Jakarta (ANTARA) - Minister of Energy and Mineral Resources Bahlil Lahadalia has postponed the implementation of mining royalties for copper, tin, nickel, gold, and silver commodities to develop a better formulation. “After hearing input from the public and business associates, I will postpone this to build a good formulation that is mutually beneficial,” Bahlil stated when met at the Ministry of Energy and Mineral Resources office in Jakarta on Monday. The new formulation regarding mining royalties, he said, will be pursued to become one that benefits the state and businesses. Furthermore, Bahlil conveyed that the public hearing session on 8 May 2026 regarding the proposed changes to royalty rates for copper, tin, nickel, gold, and silver commodities was a socialisation and not yet a decision. “(The June target) we are still considering again. Even if it means finding an ideal formulation that must not harm businesses but also allows us to optimise state revenues,” Bahlil said. This statement responds to the Composite Stock Price Index (IHSG) of the Indonesia Stock Exchange (BEI) which opened weaker by 9.46 points or about 0.14 percent to the level of 6,959.94 on Monday morning. Equity Analyst at PT Indo Premier Sekuritas (IPOT) Hari Rachmansyah in Jakarta on Monday assessed that the IHSG’s movement over the next three trading days will be heavily influenced by global geopolitical dynamics and commodity royalty tariff policies. According to Hari, this policy is no longer just discourse because it is targeted to take effect in June 2026. He explained that among all affected commodities, gold records the most significant tariff increase in percentage terms at the lower bound, reaching up to 100 percent. This condition is seen as providing direct pressure amid global gold prices that remain at high levels. Meanwhile, tin is considered the commodity most severely impacted overall because the tariff increase occurs at both ends of the royalty range simultaneously.