The Minister of Energy and Mineral Resources acknowledged that the government is considering a review of the Work Plan and Budget (RKAB) in the nickel industry to strike a balance between industrial demand and the sustainable development of local entrepreneurs. The policy aims to align the RKAB more closely with actual industry needs while giving local businesses opportunities to sell their products, preventing local entrepreneurs from facing difficulties in marketing their goods. Currently, no production cuts have been implemented, but the government will balance corporate RKAB requests with existing industry capacity and pay attention to local entrepreneurs. Additionally, the Director General of Minerals and Coal emphasized that a comprehensive evaluation of RKABs for mining companies, particularly nickel companies, for 2024–2026 will be conducted to avoid overly aggressive nickel production. If companies fail to comply with mine reclamation guarantees, production may be reduced. In 2024, nickel ore production is approximately 215 million tons per year, and production may be lowered in 2025 in response to continuously falling prices.
The Minister of Energy and Mineral Resources acknowledged that the government is considering a review of the Work Plan and Budget (RKAB) in the nickel industry to strike a balance between industrial demand and the sustainable development of local entrepreneurs. The policy aims to align the RKAB more closely with actual industry needs while giving local businesses opportunities to sell their products, preventing local entrepreneurs from facing difficulties in marketing their goods. Currently, no production cuts have been implemented, but the government will balance corporate RKAB requests with existing industry capacity and pay attention to local entrepreneurs. Additionally, the Director General of Minerals and Coal emphasized that a comprehensive evaluation of RKABs for mining companies, particularly nickel companies, for 2024–2026 will be conducted to avoid overly aggressive nickel production. If companies fail to comply with mine reclamation guarantees, production may be reduced. In 2024, nickel ore production is approximately 215 million tons per year, and production may be lowered in 2025 in response to continuously falling prices.