Indonesia to keep mining rules unchanged, energy minister says

Indonesia will keep its mining rules unchanged, energy minister Bahlil Lahadalia said on Monday, seeking to reassure investors as the government pushes ahead with downstream expansions while global commodity markets remain volatile.

Speaking after a coordination meeting, Bahlil said the government had no plan to alter existing regulations in the mineral and coal sector, which is governed by a system of royalties, corporate income tax and non-tax state revenue (PNBP). He clarified that the 70/30 gross-split profit-sharing scheme applies only to