Regulation 10/2023 has now adjusted the applicability period for said RKAB, which was previously set at one year, to the following periods: 1) For the exploration phase: one year; and 2) For the production - operation phase: three year period or in accordance with the relevant IUP or IUPKs (collectively referred to as "Mining Permits") remaining validity periods (for Mining Permits that are valid for less than three years). Furthermore, Regulation 10/2023 has also introduced a specific timeframe for the submission of RKAB for the production - operation phase.

Exchange Users must comply with various obligations, otherwise, they may be subject to the imposition of sanctions by the Organizer. These obligations include: 1) Must maintain the confidentiality of their given user-id and password and are prohibited from transferring them to any other parties; 2) Must comply with provisions, requirements and procedures that relate to the use of any facilities that are provided by the Organizer; 3) Must submit incidental reports within a maximum of seven Organizer days of any changes being made to certain types of information (e.g. business licensing, names of Exchange Users, information relating to Exchange Users, company deeds, etc.)

it should be highlighted that WIUP and WIUPK under the new procedure may only be secured by business actors who do not already possess any of the following types of mining business licenses: Mining Business Licenses (Izin Usaha Pertambangan "IUP"), Special IUP (IUP Khusus "IUPK"), IUPK as a continuation of operation contracts/agreements, Community Mining Licenses (Izin Pertambangan Rakyat/IPR), Rock Mining Licenses (Surat Izin Penambangan Batuan/SIPB), Mining Service Business Licenses (Izin Usaha Jasa Pertambangan/IUJP), Transportation and Sales Licenses, Contracts of Work (Kontrak Karya/KK) or Coal Contracts of Work (Perjanjian Karya Pengusahaan Pertambangan Batubara/PKP2B).

Amongst various applicable competencies, the competencies that generally relate to K3 management include: 1) Application of relevant K3 laws and regulations; 2) Application of K3-related communications; 3) Analysis of K3-related risks; 4) Formulation of K3-related working programs; 5) Application of K3-related inspections; 6) Management of K3-related audits; and 7) Application of K3-related culture

Management should also be implemented in line with the following conditions: 1) Energy providers that utilize energy/energy sources 6,000 equivalent tons of oil per year; 2) Users of energy/energy sources that utilize energy/energy sources 4,000 equivalent tons of oil per year (for the transportation and industrial sectors) and 500 equivalent tons of oil per year (for the building sector)

The government is now offering a more relaxed policy for mining business actors who are in the process of constructing domestic refinery facilitiesfor metal mineral commodities

The preparation of Mining Areas should be carried out by the Minister of Energy and Mineral Resources and this activity comprises I&R into WHP, as well as the drafting of WP plans

The receipt and payment of expenses relating to upstream oil-and-gas business activities should now be completed through Other BI Accounts Oil and Gas Receipts and Expenditures Number 600000411980 at Bank Indonesia

The types of PNBP that are applicable at the Directorate-General of Oil and Gas have now been updated. As a result, there are now six available types of PNBP that are applicable with the addition of the following: 1) Guarantees for the implementation of joint studies; 2) Bid guarantees; and 3) Administrative fines

Relevant Transporters are required to present various documents and data to BPH Migas. However, the lack of availability of the following documents may serve as the basis upon which BPH Migas will ultimately determine initial Transportation Tariffs for new pipelines outside of auctions of special permits for pipelines that have secured Transportation Tariff determinations: 1) Asset basis value; 2) Audited financial statement; and 3) Details on operational and maintenance fees