restrictions on the construction of second class nickel processing and refining plants (smelters), especially for Nickel Pig Iron (NPI) and Ferro Nickel (FeNi) products. This takes into account the remaining nickel ore reserves which can only last for the next 15 years
Special Staff to the Minister of Energy and Mineral Resources for Mineral and Coal Affairs, Irwandy Arif, said the government is opening up opportunities to explore new nickel reserves. Moreover, there are still many green fields in Indonesia that have potential. Apart from that, Irwandy also said that domestic nickel industrialization must be carried out to reduce the rate of nickel ore consumption.
For complete details, watch Safrina Nasution’s discussion with the Special Staff of the Minister of Energy and Mineral Resources for Mineral and Coal Irwandy Arif in the Mining Zone segment on CNBC Indonesia’s Closing Bell Program, Tuesday (17/10/2023).