Jakarta, May 11 -- Indonesia's Energy and Mineral Resources (ESDM) Minister Bahlil Lahadalia has postponed the implementation of mining royalties for copper, tin, nickel, gold, and silver to develop a better formulation.

"After hearing input from the public and fellow entrepreneurs, I will postpone this implementation to develop a good, mutually beneficial formulation," Bahlil stated here on Monday.

He said the new formulation for mining royalties will be sought to be one that benefits both the state and businesses.

Furthermore, Bahlil stated that the hearing on May 8, 2026, regarding the proposed changes to royalty rates for copper, tin, nickel, gold, and silver, is for public outreach and has not yet been finalized.

"It is still bei...