Kadin And Association Prepare Mining Roadmap For New Government

Deputy Chairperson for Investment of the Indonesian Chamber of Commerce and Industry (Kadin), Tony Wenas. (Photo: Doc. ANTARA)

JAKARTA - President Director of PT Freeport Indonesia as well as Deputy General Chair for Investment in the Indonesian Chamber of Commerce and Industry (Kadin), Tony Wenas revealed, Kadin has collaborated with mining associations to develop a roadmap for Indonesian mining to be handed over to the new government.

"Kadin in collaboration with mining associations is preparing a roadmap to be given to the new government," Tony said in the Mining Zone quoted on Tuesday, March 26.

Tony said the roadmap or roadmap would contain the hopes and wishes of mining business actors to make the investment climate more attractive and take steps to advance the domestic mining industry.

"Later, what will be expected by entrepreneurs in the mining sector, that's very detailed," Tony continued.

Tony further said that as Secretary General of the Indonesia Mining Association (IMA) or the Indonesian mining association, he hoped that the next President of the Republic of Indonesia, in this case Prabowo Subianto, would provide legal certainty and certainty of trying for mining business actors.

According to him, the legal certainty provided by the state will aim to prevent frequent changes in regulations, causing opposite effects or adverse effects.

Tony detailed that the rules given by the government are regulations regarding mining, trade, and investment so that incoming investments not only come from abroad but also from within the country.

Moreover, he said, in the last 5 years the investment that has entered Indonesia has always exceeded the target set by the government.

He gave an example of the relaxation of Indonesia's investment in 2023, which exceeded Rp1,400 trillion, while this year the government set an investment target of Rp1,650 trillion.

"Indonesia has been around for the last 5 years, last year it was more than Rp. 1400 trillion, previously Rp. 1,200 trillion, previously more than Rp. 900 trillion, so it's always more than the president has set. It looks like the track is good," Tony continued.

With a significant increase in investment realization, Tony believes the target can be achieved with the support of qualified regulations.