Indonesia to Launch Nickel and Tin Online Tracking System Next Week
Indonesia will introduce SIMBARA, an online tracking system for nickel and tin exports, next week. The method attempts to boost government income and enhance mining governance. SIMBARA will trace nickel and tin from mine to local smelter.
The SIMBARA system, which was initially established for coal in 2022, will now be expanded to include other minerals produced in the resource-rich country.
As the world's largest producer of nickel and one of the major producers of tin, Indonesia intends to use SIMBARA to trace these minerals from mine to domestic smelter. This will enable the government to ensure that smelting companies register their sources of nickel and tin and verify that the necessary royalties have been paid.
Septian Hario Seto, the deputy coordinating minister for maritime and investment affairs, explained that the system has already proven successful in increasing government revenue in the coal sector. The government intends to emulate its success in the nickel and tin sectors.
SIMBARA will also be connected with RKAB, the government's computerised mining quota record system. This interface will enable miners to monitor their production quotas and notify authorities of any inconsistencies in output and sales data.
While the first concentration is on nickel and tin, the surveillance system will eventually be expanded to include bauxite and copper. However, the timing of these expansions will be established once the nickel and tin tracking system is fully operational.
The establishment of SIMBARA is an important step towards increasing transparency and accountability in Indonesia's mining industry. The government hopes to increase revenue and improve sector governance by ensuring that all parties follow regulations and pay the required royalties.
Indonesia will launch an online tracking system, SIMBARA, for nickel and tin shipments next week.
The system aims to increase government revenue and improve mining governance.
SIMBARA will track the entire journey of nickel and tin, from mines to domestic smelters.
Source: REUTERS