【SMM Flash News】

Published: Sep 22, 2025 02:50

Save

Accordng to SMM's knowledge, The Ministry of Energy and Mineral Resources of Indonesia, through the Directorate General of Minerals and Coal, issued Letter No. 1533/MB.07/DJB.T/2025 imposing administrative sanctions on 190 mining companies that failed to provide reclamation guarantees, ordering the temporary suspension of their operations. The decision was signed by the Director General of Minerals and Coal, Tri Winarno. The sanctions were enforced as a follow-up to three prior administrative warnings that went unheeded. The maximum suspension period is 60 days, and the sanctions may be lifted if the companies submit and obtain approval for their reclamation plan documents and place reclamation guarantees up to 2025. Tri Winarno emphasized that if the companies fail to fulfill their obligations within the stipulated timeframe, their mining permits may be permanently revoked.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

1 hour ago

[SMM Stainless Steel Flash] EU Steel Safeguard Reached Amid Indonesia's Nickel Pricing Overhaul

EU reached a trilogue agreement on new steel safeguards, featuring an 18.3 million tonne quota, a 50% out-of-quota tariff, and "melt-and-pour" rules. However, critics highlight a loophole for slabs and potential WTO compliance issues. Simultaneously, Indonesia's complete overhaul of its nickel pricing architecture is expected to hike downstream production costs for stainless steel and EVs by over 12%. Following these shifts, base metals surged on both LME and SHFE, with nickel leading gains by nearly 4%. Market volatility remains high as the industry adapts to these structural cost increases and trade barriers.

1 hour ago

16 hours ago

[SMM Stainless Steel Flash] April 16, 2026: Stainless Steel Market Highlights

On April 16, 2026, the stainless steel market saw major shifts. The EU's move to cut quotas by 47% and double tariffs to 50% in July triggered panic buying in Europe. India extended BIS certification until late September to ensure supply flexibility. Supported by Indonesia’s HPM formula adjustments, export prices remain firm, with slight gains in Foshan 304 spot prices. Rising logistics costs due to Middle East tensions and new trade barriers are collectively pushing up global trade expenses.

16 hours ago

【SMM Nickel Flash News】Scenario Simulation and Comparative Analysis of Saprolite and Limonite under the New HPM Formula

【SMM Nickel Flash News】Given the significant variance in byproduct quality across nickel ore deposits, establishing a unified HPM for each grade remains a challenge. Consequently, SMM has developed multiple scenarios for both saprolite and limonite to serve as a benchmark for the new HPM formula and to provide a comparative analysis against SMM’s proprietary pricing

16 hours ago