Category: Economy

            Indonesia also keeps a super rare ‘treasure’ called Rare Earth Metals (LTJ) or Rare Earth Elements (REE). Based on data from the Ministry of Energy and Mineral Resources (ESDM) as of 2015, the total potential of rare earth metals in Indonesia is estimated at 1.5 billion tons. The potential of these rare earth metals is spread in several areas, especially in the Bangka Belitung Islands, West Kalimantan, Central Kalimantan, Sulawesi, to Papua.

            Citing “Study on Potential Associated Minerals in Tin Mining” released by the Energy and Mineral Resources Ministry of Energy and Mineral Resources Data and Information Center 2017, of the 17 rare earth elements, six elements are indispensable for the development of electric vehicles, namely lanthanum (La ), cerium (Ce), neodymium (Nd) for batteries, praseodymium (Pr), neodymium (Nd), terbium (Tb), and dysprosium (Dy) for generators and electric motors. It is known that obtaining the LTJ can be done in two approaches, namely obtaining from upstream tin mining with a higher grade and lower cost, and from processing tin slag with a relatively lower grade compared to the first one and the cost is relatively higher. In fact, if Indonesia works on and exploits this LTJ seriously, it is predicted that Indonesia will become China’s main competitor in meeting the world’s LTJ demand.

            China is the largest LTJ producer in the world today. This is because China has LTJ deposits in the primary form in the form of by-products from iron ore mining, and secondary in the form of alluvial deposits and lateritic deposits. “Recovery of LTJ will be much greater if it is carried out from upstream of tin mining, capable of reaching 74% by 2045, and Indonesia is predicted to become China’s main competitor in meeting world demand,” reads the executive summary of “The Study of Potential Associated Minerals in Tin Mining” which released by the Ministry of Energy and Mineral Resources in 2017.

            From slag processing, the six highest levels that can be recovered are cerium (16,400 parts per million, ppm), yttrium (13,900 ppm), lanthanum (7,470 ppm), neodymium (6,470 ppm), dysprosium (2,210 ppm), and praseodymium (1,810 ppm). ppm). If the smelter capacity for slag processing is increased to 3,000 tons per year, it will be able to meet world demand up to 1.13% in 2045 amounting to 360 thousand tons. The capacity of 10,000 tons per year can meet world demand around 4.23% in 2056 amounting to 437 thousand tons. 

It should be noted that until now the Government of Indonesia has not issued a special regulation regarding the management of rare earth metals. However, the Director-General of Mineral and Coal (Dirjen Minerba) of the Ministry of Energy and Mineral Resources, Ridwan Djamaluddin, said that currently, the government has formed a team called the rare earth metal-based industry development team. In addition, the government is also preparing a Presidential Instruction (Inpres) to accelerate the development and downstream of rare earth metals.

Feb 08, 2022, CNBC Indonesia

(https://www.cnbcindonesia.com/news/20220208112507-4-313699/punya-harta-karun-super-langka-ri-jadi-pesaing-utama-china)

            Indonesian, Singaporean and Australian airlines have set plans to resume international direct flights to Bali after the government further reopened the island’s borders, addressing a key challenge in efforts to boost economic recovery in the tourist-dependent province. Flagship carrier Garuda Indonesia initiated the opening by resuming its weekly flights from Narita International Airport in Japan to I Gusti Ngurah Rai International Airport in Bali on Feb, 3.

I Gusti Ngurah Rai Airport spokesperson Taufan Yudhistira said the Garuda flight was the first international regular flight to land on the island after nearly two years since Indonesia’s border closed due to the COVID-19 pandemic. “There are some other regular flights that have plans to land in Bali, including Garuda from Haneda Airport in Japan,” he said. He went on to say that Garuda would fly from Japan to Bali every Thursday.

The government has allowed Bali to receive international direct flights from 19 countries since October last year but demand has been lackluster, with Tourism and Creative Economy Minister Sandiaga Uno saying that not a single such flight had been scheduled to the island province until January this year. The absence of international flights was a major roadblock in Bali’s tourism recovery plans as foreign tourists generally spend more than domestic tourists and contribute more toward hotel occupancy rates. International travelers who wanted to go to Bali had to take the costly option of flying and quarantining in either Jakarta or Manado before taking a domestic flight to Bali.

Latest Statistics Indonesia (BPS) data show that Bali’s gross regional product contracted 2.91 percent annually in the third quarter of last year as foreign tourist arrivals plummeted from 36 individuals to zero over the same period. As such, the government announced that it would shorten the mandatory quarantine period to five days from seven starting Feb. 4 for travelers with two doses of COVID-19 vaccine. The government also reopened Bali to international travelers from all countries.

Singapore Airlines has announced that it would start regular direct flights to Bali starting Feb. 16. Meanwhile, Sandiaga said that Emirates and Qatar Airways were among the next batch of airlines that would fly passengers to Bali. Australian low-cost carrier Jetstar has scheduled to commence flights from Sydney and Melbourne to Bali from March 1, while Qantas Airways also plans to open the same route beginning March 28.

Feb 07, 2022, The Jakarta Post

(https://www.thejakartapost.com/business/2022/02/06/international-flights-return-to-bali.html)