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2026-11-05 11:58:27
[Indonesian Task Force Launches Enforcement Action Against Nickel Tycoon Kurniawan’s Associates for Forest Mining Violations] (1) An Indonesian government task force dedicated to combating illegal occupation of forest land said it is taking “immediate enforcement action” against companies controlled or associated with former Glencore nickel trader Arif Kurniawan. (2) The task force did not specify what measures would be taken, but stated that preliminary investigations have revealed violations by these companies in mining activities, licenses, and forest land use. (3) Kurniawan is a key figure in Indonesia’s mining industry; he rose rapidly after leaving Glencore more than a decade ago to become Indonesia’s largest nickel ore trader. (4) Indonesia accounts for about 60% of the global nickel supply, and any action against its vast mining network could cause significant upheaval in the industry. (5) An industry survey last year reported that Kurniawan’s nickel ore trading volume would account for about one-third of Indonesia’s total nickel ore supply in 2024; he also holds mining rights in at least 20 mining areas in Indonesia with a core business partner.
