Indonesia raises mining levies in blow to nickel producers

Miners in Indonesia are bracing for reduced profits and possible output cuts following the government’s increase in royalties for nickel, coal, copper, and gold, aiming to bolster revenue amid economic strain. The new nickel royalty rates will rise from 10% to between 14% and 19%, coinciding with decreasing metal prices and rising operational costs due to other regulations. The Indonesian Nickel Miners Association deems the royalty hike poorly timed, warning it could deter investments and lead to job losses in the sector.