RE: Closing in on the 31st March23 Mar 2026 07:57
In on week we will know !!! However
Impact on License & RKAB Renewal
Probable Exclusion: Indonesian mining law allows the Ministry (ESDM) to revoke or refuse licenses (IUPs) if a company fails to comply with administrative requirements or is involved in legal violations [1.4.5].
Administrative Block: While the Minister aims to finish all RKABs by 31 March, approvals are typically withheld from entities under active investigation to avoid "legalising" further illegal production [1.3.6].
PYX's Stance: PYX maintains it is not the direct subject of specific allegations and is cooperating with authorities [1.5.4]. However, because PT Investasi Mandiri holds the actual mining rights for the Mandiri deposit, any block on the subsidiary effectively blocks PYX’s production.
DYOR