From Annual to Triennial: Exploring the Shift to 3-Year RKAB in Indonesia’s Mining Industry.
Indonesia’s mining industry is experiencing a significant transformation with the shift from annual to triennial Work and Budget Plans (“RKAB”), mandated in MEMR Regulation 10/2023. This move aims to streamline operations and planning, providing long-term stability for stakeholders. With the separation of RKAB for the Exploration and Production stages, regulatory clarity finds a newfound stronghold,…