47 Mining Commodities Legally Become Critical Minerals, Here’s the List News – 1 hour ago

Jakarta, CNBC Indonesia – Minister of Energy and Mineral Resources (ESDM) Arifin Tasrif has designated 47 types of mining commodities in the critical mineral classification.

This is stated in the Decree of the Minister of Energy and Mineral Resources No.296.K/MB.01/MEM.B/2023 concerning Determining Types of Commodities that are Classified as Critical Minerals. Minister of Energy and Mineral Resources Arifin Tasrif stipulated this Ministerial Decree on September 14 2023.

Why are these 47 mining commodities classified as critical minerals?


This ministerial decree stated that this decision was made considering “that in order to guarantee the supply of mineral raw materials for strategic industries in the country and improve the defense economy and national security, it is necessary to establish criteria and classification of minerals that are classified as critical minerals.”

The decision of the Minister of Energy and Mineral Resources has six important points. As for the second point, it states “Critical Minerals as referred to are minerals that have important uses for the national economy and national defense and security that have the potential for supply disruption and do not have suitable substitutes.”

In the third point it is stated:

Determination of the types of commodities included in the Critical Mineral Classification as intended in the FIRST Dictum is based on the following criteria:
a. minerals which are raw materials for national strategic industries;
b. minerals that have beneficial value for the national economy and national defense and security;
c. minerals that pose a high risk to supply; And
d. a mineral that has no viable substitute.

The fourth point is called:

Determining the types of commodities included in the Critical Mineral Classification as intended in the FIRST Dictum can be used as a reference for Ministries/Agencies and Provincial Governments in accordance with their authority to:
a. provide governance arrangements for the mineral mining industry and associated minerals including residual processing and/or refining products;
b. provide regulation of the trade system for the mineral mining industry and its associated minerals including residual processing and/or refining products;
c. be a consideration in determining fiscal policy in the mineral and coal mining sector;
d. be a consideration in the policy of determining the reference mineral price formula;
e. be a consideration in the policy of prioritizing minerals for domestic needs;
f. be a consideration in issuing business permits in the mineral and coal mining sector;
g. be taken into consideration in efforts to increase investigation and research, and/or
h. be a consideration in increasing the obligation to carry out further exploration for business permit holders in the mineral and coal mining sector.

“The determination of commodity types that are classified as Critical Mineral Classification as intended in the FIRST Dictum is determined for a period of 3 (three) years and can be reviewed annually or at any time if necessary,” reads the fifth point.

So, what are the 47 mining commodities that are classified as critical minerals? The following is a list of critical minerals and types of mining commodities:

1. Aluminum, comes from bauxite mining commodities.
2. Antimony, comes from antimony mining commodities.
3. Barium, comes from the barite mining commodity.
4. Beryllium, comes from the mining commodity beryllium.
5. Iron, comes from iron ore mining commodities, iron sand.
6. Bismuth, comes from the mining commodity bismuth.
7. Boron, comes from boron mining commodities.
8. Cadmium, comes from cadmium mining commodities.
9. Feldspar, comes from feldspar mining commodities.
10. Fluorspar, comes from the mining commodity fluorspar.
11. Phosphorus, comes from phosphate mining commodities.
12. Galena, comes from the galena mining commodity.
13. Gallium, comes from the gallium mining commodity.
14. Germanium, comes from the germanium mining commodity.
15. Graphite, comes from graphite mining commodities.
16. Hafnium, comes from the hafnium mining commodity.
17. Indium, comes from indium mining commodities.
18. Potassium, comes from potassium mining commodities.
19. Calcium, comes from calcium mining commodities.
20. Cobalt, comes from cobalt mining commodities.
21. Chromium, comes from the chromite mining commodity.
22. Lithium, comes from lithium mining commodities.
23. Rare Earth Metals, come from rare earth metal mining commodities.
24. Magnesium, comes from magnesium mining commodities.
25. Manganese, comes from manganese mining commodities.
26. Mercury comes from the mining commodity cinnabar.
27. Molybdenum, comes from molybdenum mining commodities.
28. Nickel, comes from nickel mining commodities.
29. Niobium, comes from the niobium mining commodity.
30. Palladium, comes from palladium mining commodities.
31. Platinum, comes from platinum mining commodities.
32. Ruthenium, comes from the mining commodity ruthenium.
33. Selenium, comes from the selenium mining commodity.
34. Zinc, comes from zinc mining commodities.
35. Silica, comes from mining commodities of quartz sand, quartzite, quartz crystals.
36. Sulfur, comes from sulfur mining commodities.
37. Scandium, comes from scandium mining commodities.
38. Strontium, comes from the mining commodity stronium.
39. Tantalum, comes from the tantalum mining commodity.
40. Tellurium, comes from tellurium mining commodities.
41. Copper, comes from copper mining commodities.
42. Tin, comes from tin mining commodities.
43. Titanium, comes from titanium mining commodities.
44. Thorium, comes from the thorium mining commodity.
45. Wolfram, comes from the tungsten mining commodity.
46. ​​Vanadium, comes from vanadium mining commodities.
47. Zirconium, comes from the zircon mining commodity.

[Gambas:Video CNBC]

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