Minister Of Energy And Mineral Resources Calls The Coal MIP Progress Entering The Finalization Stage

JAKARTA - Minister of Energy and Mineral Resources Arifin Tasrif revealed that the progress of forming a Management Agency Partner (MIP) for coal compensation funds has entered the finalization stage of the draft presidential regulation (Perpres).

"We have conveyed that the formation of a Management Agency Partner (MIP) for coal compensation funds (DKB) is currently in the finalization stage," said Arifin in a Working Meeting with Commission VII DPR RI, Tuesday, November 21.

He admitted that together with the Minister of SOEs, Erick Thohir, he had signed a signature and there was still the latest input from the Coordinating Ministry for Maritime Affairs and Investment (Kemenko Marves).

"We have submitted the latest input today to the State Secretariat (Setneg)," said Arifin.

He continued, a number of derivative rules and applications supporting the MiP are also being prepared, namely, the Regulation of the Minister of Religion (PMK) which regulates the tariff of the Coal Compensation Fund (DKB), Permen/Kepmen Junis Procedures for Vocation and Distribution of DKB.

Then, the Kepmen Rasio which will be issued every three months or at any time is needed and the Revision of the Minister of Energy and Mineral Resources Decree No. 58 of 2022 related to the selling price of coal amounting to 90 US dollars per tonne for fueling the domestic cement and fertilizer industry according to the contents of the Presidential Decree whose products are used domestically.

"For this reason, it is necessary to support the ministry of institutions, including accelerating the completion of PMK tariffs for coal compensation funds, completing the e-DKB application system including networks and their security and accelerating the development of additional value improvements (PNT) for Metalurgi coal," explained Arifin.

Arifin hopes that the derivative regulations and support for ministries and institutions can be completed, MIP trials and socialization to business actors can be carried out from December 2023 to January 1, 2024, and can be operationalized.