Indonesia shortens mining production quotas to one year

Indonesia has announced a change in the validity of mining production quotas, reducing the period from three years to one year as of 3 October. The government aims to exert more control over output levels to stabilise commodity prices, including those of coal and nickel, reported Reuters. This move was initially indicated by the country’s Mining Minister, Bahlil Lahadalia, in July. According to the ministry, quotas for 2025 will still be in effect. However, miners are required to reapply for quotas that ...