KONTAN.CO.ID - AMSTERDAM. Top nickel producer Indonesia will not approve any new mining output quotas this year, government official Septian Hario Seto told Reuters, a move likely to further tighten supplies of nickel ore. Indonesia's mining quota distribution has already been delayed after the government reverted to an older approval process due to an ongoing investigation into illegal mining. Prices of nickel ore in Indonesia have surged in recent weeks, local buyers say, with production affected by the delayed quotas, known locally as RKAB.
Top Nickel Producer Indonesia Will Not Approve Any New Mining Quotas for 2023
KONTAN.CO.ID - AMSTERDAM. Top nickel producer Indonesia will not approve any new mining output quotas this year, government official Septian Hario Seto told Reuters, a move likely to further tighten supplies of nickel ore. Indonesia's mining quota distribution has already been delayed after the government reverted to an older approval process due to an ongoing investigation into illegal mining. Prices of nickel ore in Indonesia have surged in recent weeks, local buyers say, with production affected by the delayed quotas, known locally as RKAB.