Key insights and market outlook
The Indonesian Ministry of Energy and Mineral Resources (ESDM) has delayed approval of the 2026 Work Plan and Budget (RKAB) for mining companies due to planned adjustments in national nickel production. The delay affects companies like PT Vale Indonesia Tbk (INCO), with the ministry citing necessary corrections and adjustments to production plans as the primary reason 1
The Indonesian Ministry of Energy and Mineral Resources (ESDM) has postponed the approval of the 2026 Work Plan and Budget (RKAB) for mining companies, including major nickel producer PT Vale Indonesia Tbk (INCO) 1
The ministry has indicated that the RKAB approval process is being influenced by broader national production policies. Tri Winarno emphasized that the changes are adjustments rather than reductions, suggesting a strategic realignment of production targets 1
The delay in RKAB approval creates uncertainty for mining companies operating in Indonesia, particularly those in the nickel sector. While the ministry maintains that this is an adjustment rather than a cutback, the changes could have significant implications for production volumes and company operations in 2026 2
2026 RKAB Approval Delay
Nickel Production Adjustment