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British Minister of Development, Women and Equality, Anneliese Dodds and Minister of Energy and Mineral Resources of the Republic of Indonesia (ESDM), Bahlil Lahadalia after signing MOU on critical mineral in Jakarta on Wednesday September 19th 2024. (Photo : VOI/NK) - 

VOInews, Jakarta : British Minister of Development, Women and Equality, Anneliese Dodds and Minister of Energy and Mineral Resources of the Republic of Indonesia (ESDM), Bahlil Lahadalia signed a memorandum of understanding (MoU) on critical minerals in Jakarta on Wednesday (17/9).  

The British Ministry of Foreign Affairs and Development (FCDO) and the Ministry of Energy and Mineral Resources of the Republic of Indonesia (ESDM) signed a memorandum of understanding in the field of critical minerals which was carried out on the sidelines of the 10th Indonesia International Geothermal convention and exhibition held in Jakarta from 18 to 20 September 2024.

After the signing of the MoU, Indonesian Minister of Energy and Mineral Resources, Bahlil Lahadalia, explained that this MoU was a follow-up to the agreement between the two countries that had been agreed previously.

“This is an agreement between the Indonesian and British governments, the substance of which is that we will exchange cooperative technology in the field of critical minerals and also new renewable energy. So actually, this is part of a follow-up to what has been agreed between the two countries so far. The Minister and I have signed and we will carry out the follow-up," Bahlil said. 

On the same occasion, British Minister of Development, Women and Equality, Anneliese Dodds, said that this MoU is a framework for long-term cooperation and collaboration in the field of critical minerals and other related fields between the UK and Indonesia. It is hoped that it can create jobs for the Indonesian people.

“So, this Memorandum of understanding sets a framework for cooperation and collaboration between our countries on critical minerals that covers a whole range of different issues or joint commitment to investment, to create jobs and ensuring there are local benefits for local people from critical minerals. So this is a long term commitment rather than one spesific project or investment,” Minister Dodds. 

The energy transition and net zero agenda will increase demand for critical minerals threefold by 2030. This strategic collaboration will open up opportunities for the UK and Indonesia to contribute to the global energy transition through sustainable development of the critical minerals sector. The UK has committed US$ 1.15 billion in collateral funding to support the Just Energy Transition Partnership (JETP) in Indonesia//VOI