The realization of investment in the mineral and coal sector only reached 23.36% of this year’s target

The realization of investment in the mineral and coal sector has only reached 23.36% of this year's target

The Ministry of Energy and Mineral Resources (ESDM) recorded that the realization of new mineral and coal sector investment reached US$ 1.39 billion or 23.36 percent of the target set at US$ 5.98 billion.

The Director General of Mineral and Coal at the Ministry of Energy and Mineral Resources, Ridwan Djamaluddin, revealed that efforts to meet the investment target did encounter a number of obstacles.

“We are facing several obstacles, the issue of amdal permitting, borrow-to-use forest area permits, spatial planning suitability, and market conditions because there is no buyer because the contract has not been completed,” said Ridwan in an RDP with Commission VII, Monday (7/6).

Ridwan continued other obstacles, namely land acquisition which is customary land, social conflicts to the weather, especially due to rainfall and the impact of the COVID-19 pandemic.

Nevertheless, Ridwan ensured that his party encouraged increased investment by facilitating business entities to prepare information on investment opportunities tomarket sounding.On the other hand, the realization of Non-Tax State Revenue (PNBP) has now reached Rp 22.34 trillion from the target set this year of Rp 39.1 trillion.

According to Ridwan, the realization of investment which has reached 57.13% is also driven by the use of applications.”The use of the e-PNBP application is very helpful and strengthens better governance,” said Ridwan.

Source:https://industri.kontan.co.id/news/realisasi-investasi-sektor-minerba-baru-mencapai-2336-dari-target-tahun-ini