Indonesia Targets 8 Percent Economic Growth Through Coal and Mineral Downstreaming

Jakarta, The Gulf Observer: The downstreaming of coal and mineral commodities is a key strategy to help Indonesia achieve its economic growth target of 8 percent, according to Energy and Mineral Resources Minister Bahlil Lahadalia.

“We must boost our GDP and per capita income through innovative strategies. Downstreaming is one of the instruments to achieve the economic growth we aim for,” Minister Lahadalia said in a statement on Friday.

The government’s Strategic Investment Downstreaming Roadmap projects a total investment of US$618 billion, allocated across 28 downstream commodities. Approximately 91 percent of this investment will focus on the energy and mineral resources sector, particularly coal, mineral commodities, and oil and gas.

Minister Lahadalia highlighted Indonesia’s vast and strategically significant coal and mineral resources, which play a critical role in industries such as energy, infrastructure, technology, and manufacturing.

Indonesia is the world’s largest producer of nickel, controlling 42 percent of global reserves, and the leading producer of tin with 34.47 percent of global reserves. The country ranks fourth in bauxite reserves (9.8 percent of global reserves) and fourth in gold reserves (5.8 percent globally). It is the ninth-largest copper producer (2 percent of global reserves) and holds 3 percent of the world’s coal reserves, ranking sixth globally.