Industrial Policy & Trade Monitor· 2663 actions· ✨ 89 recent

Indonesia's Ministry of Finance issued Peraturan Menteri Keuangan (PMK) No. 80 of 2025 on 17 November 2025, imposing tiered export duties on gold products effective 23 December 2025. Rates range from 7.5% to 15% depending on product form (dore, granules, or ingots/cast bars) and a reference-price trigger at US$3,200/troy oz, with dore attracting the highest duty (12.5% below $3,200/oz; 15% at or above). The policy aims to secure domestic gold supply, stabilise local refinery feedstock prices, and advance Indonesia's hilirisasi (downstreaming) agenda by incentivising in-country processing of raw gold output.

Indonesia's Ministry of Energy and Mineral Resources (MEMR) issued Ministerial Decree Kepmen ESDM No. 268.K/MB.01/MEM.B/2025 on 8 August 2025, establishing Guidelines for Determining Benchmark Prices (Harga Patokan Mineral/HPM and Harga Patokan Batubara/HPB) for the sale of metal minerals and coal. It revokes the predecessor Kepmen 72/2025 and relaxes the absolute HPM/HPB price-floor mandate—exempting pre-existing contracts at below-benchmark prices—while preserving HPM/HPB as the obligatory basis for royalty and tax calculation, closing transfer-pricing avoidance. Pricing formulas cover nickel, cobalt, copper, gold, bauxite, tin, and coal grades, directly determining royalty revenues collected under the already-filed PP 19/2025 progressive royalty framework from the world's largest nickel producer (~62% of global supply).

Government Regulation No. 19 of 2025 on Types and Rates of Non-Tax State Revenue (PNBP) applicable to the Ministry of Energy and Mineral Resources, signed by President Prabowo Subianto on 11 Apr 2025 and effective 26 Apr 2025 (15 working days after promulgation), revokes PP 26/2022 and replaces fixed mining royalty rates with a progressive tiered system anchored to international benchmark prices (HMA for nickel, HBA for coal). Headline shifts: nickel ore from fixed 10% to 14–19% by HMA tier; ferronickel 2% → 4–6%; nickel matte 2% → 3.5–5.5%; NPI 5% → 5–7%; copper cathode 2% → 4–7%; tin 3% → 3–10%; gold 3.75–10% → 7–16%; coal up to 13.5% at HBA >USD 90 for >5,200 kcal/kg grades. The regulation is the cornerstone fiscal lever of the Prabowo nickel-downstreaming/hilirisasi 2.0 strategy alongside RKAB-quota tightening that cut national nickel quotas from 272m to 150m tonnes for 2025.

Indonesia's Ministry of Trade issued Regulation (Permendag) No. 18 of 2021 on 1 April 2021, establishing an omnibus schedule of goods prohibited from export and goods prohibited from import. Global Trade Alert logs the measure as bundling an export ban and an import ban that took effect 19 November 2021, with tracked coverage spanning precious and semi-precious stones/metals, jewellery and related articles, and fertilizers/pesticides. The regulation consolidated and repealed several prior prohibited- goods instruments. It was later superseded by Permendag No. 47 of 2025.