Indonesia, UK ink critical minerals partnership – Markets

ndonesia and the United Kingdom have signed a memorandum of understanding (MoU) to establish a strategic partnership in critical minerals for facilitating technology and skills transfers, while also addressing environmental and social risks.

Energy and Mineral Resources Minister Bahlil Lahadalia and UK Development Minister Anneliese Dodds, representing the Foreign, Commonwealth and Development Office, signed the deal during a ceremony on Wednesday in Jakarta.

The MoU outlines key areas of collaboration, including geology, mining, manufacturing, recycling and post-mining environmental rehabilitation.

“The core of the agreement is technology transfer, which both countries have committed to,” Bahlil said during the signing ceremony. “(Minister Dodds) and I have signed it, and we will ensure proper follow-up.”

Bahlil added that beyond critical minerals, the two countries had significant potential for collaborating on renewable energy projects, such as wind and solar.

He added that the government aimed to reduce the investment costs in critical minerals and renewable energy to make electricity more accessible to consumers.

“They (the UK) have the technology, while we have significant potential (of renewable resources). We just need to combine them,” Bahlil said.

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