FWIW14 Apr 2026 09:14
".......Based on reports from late 2025 and early 2026, PYX Resources' legal steps to renew its mining license for the Mandiri deposit in Indonesia have centered on navigating significant regulatory shifts rather than standard administrative procedures.
The key legal and operational steps taken include:
Constructive Engagement with Authorities: PYX has been engaging constructively with the Indonesian Ministry of Energy and Mineral Resources and other local authorities to navigate the new regulations and resolve the licensing issues.
Adapting to New RKAB Framework: The company is working within the new framework mandated by the Indonesian government, which replaced the previous three-year Work Plan and Budget (RKAB) system with an annual approval process that began in late 2025.
Administrative and Technical Compliance: Following the expiry of the IUP license on August 31, 2025, the company has been preparing to submit the necessary documentation under the new system to secure the 2026 RKAB permit.
Operational Suspension as Mitigation: While trying to secure the license, PYX was forced to halt operations at the Mandiri deposit, prioritizing cost control and mitigating the commercial impact of the suspension.
Management Changes: Reports indicate the company is potentially restructuring local management (PT IM) to align with requirements for a successful license application.
Investegate
Investegate
+6
Recent reports in February 2026 suggested the company was on track to secure the necessary 2026 RKAB permits to potentially resume mining. ........"
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