RKAB 2026 INCO Has Not Been Issued, Here is the Explanation from the Ministry of Energy and Mineral Resources

JAKARTA - The Ministry of Energy and Mineral Resources (ESDM) has revealed the reasons behind the Work Plan and Budget (RKAB) of PT Vale Indonesia Tbk (INCO) in 2026 which has not been approved.

Director General of Mineral and Coal of the Ministry of Energy and Mineral Resources, Tri Winarno, said the slow issuance of the RKAB was due to a number of corrections and adjustments, especially those related to production plans.

"RKAB (Vale) has some corrections. A little correction," Tri told the media, quoted Tuesday, January 6.

Tri said the adjustment was technical and not significant.

"Correction, yes there is a little correction," continued Tri.

He also said that until now the approval of the 2026 annual RKAB was still in process.

This is in line with the change in the policy of approving the RKAB which will be carried out annually starting in 2026, instead of every three years.

"Until now, for the annual RKAB 2026 it is not. There are several adjustments because it is related to production," he explained.

Meanwhile, currently several mineral and coal mining companies are still using RKAB which was withdrawn from the previous three-year approval, which is valid temporarily until March 31, 2026.

However, this rule does not apply to Vale.

"Vale yesterday because of the extension, so he is 2026 or his RKAB is empty," he said.

For information, previously through information disclosure, INCO conveyed that the RKAB 2026 approval had not been issued until now so that mining operations could not be carried out.

For this reason, INCO temporarily stopped all mining operations in all areas of the Special Mining Business Permit (IUPK).

"This step is taken to ensure that all business activities run in accordance with applicable laws and regulations," wrote Vale Indonesia Corporate Secretary Anggun Kara Nataya in the disclosure of information on the Indonesia Stock Exchange (IDX), quoted Tuesday, January 6.

Management also ensures that the delay in issuing the RKAB will not disrupt the sustainability of the company's overall operations.

Despite the temporary delay in mining activities, the company emphasized that there was no direct material impact on its current financial condition.