JAKARTA - Energy and Mineral Resources Minister Bahlil Lahadalia said the government was rearranging the management of mines so that state revenues could be greater. He said the policy direction was related to Article 33 of the 1945 Constitution, namely the principle that natural resources are controlled by the state for the prosperity of the people.
Bahlil conveyed this after being summoned by the President at the Presidential Palace Complex, Jakarta, Tuesday, May 5.
"We discussed the arrangement of mines in the future, which must be owned by the state," said Bahlil.
According to Bahlil, this arrangement will target both old and new mines. The goal is for the country to get the maximum benefit from natural resources.
The government is also studying patterns of cooperation with the private sector. One example that is being looked at is the oil and gas scheme, such as cost recovery and gross split. Cost recovery is a scheme when operating costs are replaced first, then the results are divided. The gross split divides the production results from the beginning.
"Maybe these patterns will be what we try to exercise to be able to cooperate with the private sector," he said.
Bahlil emphasized that concessions are not automatically removed. The concession is a management permit from the state to the company. However, the distribution will be directed to be more balanced.
"We will still concession, but we will optimize revenue to be balanced with the state. The state should get a larger share," said Bahlil.
He also touched on the opportunity for nickel cooperation with the Philippines. According to Bahlil, there has been no intergovernmental or G2G cooperation. However, business-to-business or B2B business opportunities remain open.
"If there is indeed B2B that needs each other and is mutually beneficial, the option is always there," he said.
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