Indonesian Coal Mining Association APBI is preparing a policy discourse on the use of Non-Tax State Revenue (PNBP) funds with the concept of the Sovereign Wealth Fund or the Mining Sustainable Fund.
The Indonesian Coal Mining Association Executive Director Hendra Sinadia said that his party still does not really know what form the Mining Sustainable Fund discourse looks like. This policy will later use the old PNBP regulation or a new PNBP regulation will be made.
Hendra assessed, there is a possibility that through the Mining Sustainable Fund policy, the government will set aside a portion of Non-Tax State Revenue (PNBP) funds and the mineral and coal sector for the continuity and sustainability of the mining industry business itself. So far, Non-Tax State Revenue (PNBP) mineral coal funds directly go to the State Budget which is then used for various kinds of state needs and not only in the mining sector.
So far, mining business actors have had the obligation to deposit reclamation and post-mining guarantee funds which in the end are also used for business sustainability in the coal mineral sector. The realization of the use of the reclamation and post-mining guarantee funds is also being regularly evaluated by the Ministry of Energy and Mineral Resources (ESDM).
Therefore, APBI hopes that the government and related stakeholders can immediately further explain the Mining Sustainable Fund concept clearly, including the PNBP allocation used to fulfill the policy if it is to be implemented. After all, for example for post-mining, the mining company already has a guarantee fund obligation.
Source: https://newssetup.kontan.co.id/news/soal-wacana-kebijakan-mining-sustainable-fund-begini-kata-apbi
