Key insights and market outlook
Indonesia's Minister of Energy and Mineral Resources, Bahlil Lahadalia, has denied issuing any mining permits for the Wabu Block gold mining project in Papua. The denial comes amid allegations of potential massive gold reserves in the region. Bahlil confirmed that while Papua Governor Lukas Enembe had previously requested a Special Mining Business Permit (WIUPK), no such permit has been issued to date.
Bahlil Lahadalia, Indonesia's Minister of Energy and Mineral Resources, has officially denied allegations that his ministry has issued mining permits for the Wabu Block gold mining project located in Intan Jaya Regency, Central Papua Province. The denial was made to clarify circulating reports about potential massive gold reserves in the region.
The minister revealed that during his tenure as Minister of Investment/Head of Investment Coordinating Board (BKPM), Papua Governor Lukas Enembe had submitted a request for a Special Mining Business Permit (WIUPK) for the Wabu Block gold mining project. However, Bahlil emphasized that no such permit has been issued to date. "Indeed, there was a previous proposal by Governor Lukas Enembe for WIUPK, but until now, no IUPK has been issued," Bahlil clarified.
The Wabu Block in Papua has been touted to contain significant gold deposits, drawing attention from various stakeholders in Indonesia's mining sector. The potential development of this mining project has been a subject of both economic interest and environmental concern.
Bahlil's statement underscores the government's cautious approach to issuing mining permits, particularly in sensitive regions like Papua. The clarification aims to prevent misinformation and speculation surrounding the project's status. As the situation develops, stakeholders will be watching closely for any further updates regarding the Wabu Block and other mining projects in the region.
Mining Permit Denial
WIUPK Application Submission