Indonesia advances export control plan despite uncertainty
Indonesia is pushing ahead with plans to centralize exports of key commodities starting June 1, casting a cloud of regulatory uncertainty over natural resource producers.
Coal, palm oil and ferro alloy producers are expected to start submitting export-related documents to the newly formed State-owned firm PT Danantara Sumberdaya Indonesia beginning on June 1, said Coordinating Economic Minister Airlangga Hartarto at a press briefing in Jakarta on Sunday.
The firm, a unit of sovereign wealth fund Danantara, will take over specific export activities as early as September or latest by January 1, 2027, he said. Indonesia’s Finance Minister Purbaya Yudhi Sadewa and Danantara COO Dony Oskaria were also present at the briefing.
The announcement comes as uncertainty hangs over Indonesia’s natural resources sector after the centralization plan was announced earlier this month, although only limited details are available. The announcement rattled markets, and raised concerns about supply disruptions from the world’s top exporter of coal and palm oil.
Dozens of listed natural resource producers have been unable to assess the policy’s impact because details have not been issued, according to stock exchange filings late on Friday.
Notable outliers include State-owned nickel miner PT Aneka Tambang, which said most of its sales are domestic, and PT Vale Indonesia, which said none of its products are affected by the policy.
Danantara is currently building the newly created company’s governance structure and is in the process of hiring personnel, Oskaria said at the briefing. The wealth fund aims to name some of the new firm’s management team next week, he added.
Article Enquiry
Email Article
Save Article
Feedback
To advertise email advertising@creamermedia.co.za or click here
Research Reports
Projects
Latest Multimedia
Latest News
Showroom
ESAB South Arica, the leading supplier of high-end welding and cutting products to the Southern African industrial market is based in...
VISIT SHOWROOM
Established in 1983, the ASTPM is an industry association and representative body of the welded carbon steel tube and pipe manufacturers of South...
VISIT SHOWROOM
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
