Jakarta (ANTARA) - The aim of downstreaming coal and mineral commodities is to help Indonesia achieve its economic growth target of 8 percent, according to Energy and Mineral Resources Minister Bahlil Lahadalia.
“We must increase our GDP and per capita income using a new breakthrough strategy. Downstreaming is one of the instruments to achieve the economic growth we aim for,” he said in a statement released on Friday.
Based on the Strategic Investment Downstreaming Roadmap, the government has projected a total investment of US$618 billion, which will be allocated across 28 downstream commodities, he added.
Approximately 91 percent of the investment will focus on the energy and mineral resources sector, particularly on coal, mineral commodities, and oil and gas, he stated.
According to Lahadalia, Indonesia has vast coal and mineral resources. These resources are not only abundant but also strategically critical for a variety of industries, including energy, infrastructure, technology, and manufacturing.
Indonesia is the world’s largest nickel producer, controlling 42 percent of global reserves. It is also the top tin producer, holding a significant 34.47 percent of the world’s reserves.
The country has 9.8 percent of the world’s bauxite reserves, ranking fourth globally. It is the ninth-largest copper producer, with 2 percent of global copper reserves. Additionally, it holds 3 percent of the world’s coal reserves, ranking sixth globally.
With 5.8 percent of the world’s gold reserves, Indonesia ranks fourth globally.
