Indonesia has signed an agreement with the UK to facilitate technology and skills transfer in the critical minerals sector while addressing environmental and social risks.
Indonesian Energy and Mineral Resources Minister Bahlil Lahadalia (right) and British Development Minister Anneliese Dodds pose on Sept. 18, 2024 with copies of a memorandum of understanding on critical minerals at a signing ceremony in Jakarta. (Photo: thejakartapost.com)
Jakarta (VNA) ♓- Indonesia has signed an agreement with the UK to facilitate technology and skills transfer in the critical minerals sector while addressing environmental and social risks.
Indonesian Minister of Energy and Mineral Resources Bahlil Lahadalia and the UK's Minister for International Development Anneliese Dodds signed a Memorandum of Understanding (MoU) on strategic partnership in critical minerals on September 18.
The MoU outlines cooperation in areas such as geology, mining, production, recycling, and post-mining environmental recovery.
Bahlil emphasised the agreement’s focus on technology transfer and renewable energy projects like wind and solar. While the UK provides technology, Indonesia has significant renewable resources.
Meanwhile, Dodds highlighted the MoU’s potential to boost investment, job creation, and local welfare, laying a foundation for long-term projects between the two nations.
Since 2020, the countries have partnered in the Mentari programme, which supports renewable energy policies and investment. In 2023, the UK increased funding for Mentari to 26.4 million USD and extended the program by two years./.
Indonesia's Minister of Investment Bahlil Lahadalia and Minister of State at the Department for Business and Trade of the UK Nusrat Ghani have discussed downstreaming investment opportunities in the critical mineral sector and electric battery development.
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