Coal and nickel miners against royalty hike

Cost-intensive: Barges loaded with coal in Indonesia. Any move to increase tariffs, paricularly tax and non-tax revenue, will be taxing to business owners, especially amid a declining trend of certain commodity prices. — AP

JAKARTA: Businesses have raised concerns over a planned royalty hike on mining products amid a need to boost state revenue, stressing that the move would add more burden to already struggling miners, which are coping with local challenges and global economic uncertainty.

The impending rule, which will be based on the revision of government regulation No. 26/2022, would see higher royalty fares for 12 mining products, including coal and nickel, two commodities Indonesia has in abundance.