Bahlil Wants Indonesia To Set Coal Prices To World Nickel

Minister of Energy and Mineral Resources Bahlil Lahadalia (Photo: Doc. VOI)

JAKARTA - Minister of Energy and Mineral Resources (ESDM) Bahlil Lahadalia wants Indonesia to be able to regulate the reference prices of world mining commodities. The commodities in question include coal, nickel, and tin.

So far, continued Bahlil, the prices of a number of mineral and coal mining commodities are regulated by other countries. In fact, Indonesia is rich in all these commodities.

On that basis, Bahlil wants the price of coal, nickel, and tin to be regulated by the Indonesian government. This means that Indonesia no longer depends on the pricing of prices by other countries.

"I make sure, for tin prices, coal prices, nickel prices in the future must be determined by the Government of the Republic of Indonesia," Bahlil said at the Green Initiative Converence event at the Hotel Borobudur, Jakarta, Wednesday, September 25.

"I don't want this country to be regulated by other people. The one who knows the purpose of this country is us. The government and the people of the Indonesian nation," he said.

When he was first appointed as Minister of Energy and Mineral Resources, Bahlil continued, he highlighted that the mining commodity market was controlled by foreigners.

Market-nya dikuasai oleh luar. Harga batu bara, harga nikel, harga tin ditentukan oleh negara lain. Saya begitu masuk di Kementerian ESDM, saya kata kita yang boduk atau mereka yang lebih smart?," ujar Bahlil.

Previously, it was reported that the Indonesian Mining Industry Holding BUMN (MIND ID) set a target to become a market leader as well as determine commodity prices in the global market or a global price setter.

President Director of MIND ID, Hendi Prio Santoso, said that his party is optimistic that it can achieve this target. This is because Indonesia has large reserves of minerals and coal.

In addition, said Hendi, Indonesia is also able to form a strategic alliance that can support future price management efforts.

We hope that, in the not too distant future, we can become a global price setter. This is one of the main goals we have achieved together in the MIND ID Group," he said in an official statement, Friday, September 13.

Currently, continued Hendi, Indonesia still refers to the commodity index from other countries. One of them, in coal products.

Indonesia still depends on the index from Australia or other countries. In fact, Indonesia itself is the largest producer of world coal to date," he said.