The state received IDR 70.05 trillion from mineral and coals

Non-tax state revenue from the mineral and coal subsector amounted to IDR 70.05 trillion as of December 10, 2021. It almost doubled the predetermined target of IDR 39.1 trillion.

Amidst the COVID-19 pandemic challenge, the Directorate-General of Mineral and Coals still managed to attain the initial non-tax state revenue target, Muhammad Wafid, Director of Mineral and Coal Revenue of the Ministry of Energy and Mineral Resources (ESDM), confirmed.

Wafid added that the coal and mineral sector investment until December 10, 2021, reached USD 3.5 billion. It covered 81.3% of this years investment target of USD 4.3 billion. Although the realisation of the coal and mineral sector investment target has yet to be met, Wafid claimed that his side would continue to boost the investment target amidst the COVID-19 pandemic.

Meanwhile, the domestic coal utilisation level is said to keep increasing, despite its realisation still being stuck below the target. As of December 10, 2021, the domestic coal utilisation realisation reportedly reached 625 million tons, equivalent to 89.6% of the prespecified target of 560 million tons in 2021.

The most important thing is that the domestic coal demands have been entirely met, Wafid stated.

Source: https://www.idnfinancials.com/cn/news/41656/received-idr-mineral-coals