Presidential Regulation No. 26/2010 regarding transparency of national/local extractive industries

Country / jurisdiction: Indonesia · Year: 2010 · Status: In force · Level: National · Type: Voluntary

This regulation established the legal basis for the implementation of the Extractive Industries and Transparency Initiative (EITI) in standard in Indonesia. The EITI is a global standard that promotes transparency and accountability in the oil, gas, and mining sectors.

The objective of the regulation is to strengthen the governance of Indonesia’s critical minerals (mainly nickel, cobalt and manganese). It also aims to promote good governance, transparency, sustainable development, and active participation of a multi stakeholder group from government, industry, and civil society groups in the management of extractive industries.

EITI and Indonesia have undertaken a collaborative study on Indonesia’s critical minerals value chain aiming to comprehensively describe the state of play of Indonesia’s critical minerals governance from the upstream, mid-stream and downstream, identifying data gaps and governance risks along the value chain and provide recommendations on how to strengthen Indonesia’s critical minerals governance. Projects are developed in the framework of the EITI Indonesia Multi-stakeholder Working Group (“MSG”) Work Plan for 2022-2023.

Official source: https://eiti.esdm.go.id/en/perpres-26-2010/