Weda Bay Nickel Responds to Forestry Task Force's Administrative Penalty

Verification Process Underway

PT Weda Bay Nickel (WBN), a major nickel producer, has received an administrative penalty from the Forestry Area Reclamation Task Force (Satgas PKH). The company is currently conducting a thorough verification process regarding the imposed fine to ensure data accuracy and regulatory compliance. WBN management emphasized their commitment to cooperative and transparent processes with all stakeholders in accordance with prevailing laws and regulations.

Land Reclamation Actions

The Satgas PKH has successfully reclaimed 321.07 hectares of mining land previously controlled by WBN and its affiliate PT Tonia Mitra Sejahtera. This action demonstrates the government's efforts to enforce forestry regulations and manage land use in critical areas. The reclaimed land is part of the ongoing efforts to maintain environmental balance and regulatory compliance in Indonesia's mining sector.

Corporate Response and Compliance

WBN has stated that they are approaching the matter with utmost seriousness while maintaining their commitment to legal compliance and corporate responsibility. The company's management has assured that all processes will be handled cooperatively with relevant stakeholders. The verification process is crucial in determining the next steps regarding the administrative penalty.