Agincourt Resources in Talks Over Environmental Fine Worth Hundreds of Billions of Rupiah

MORE ARTICLES

Ecobiz.asia — PT Agincourt Resources, the operator of the Martabe gold mine, is negotiating with Indonesia’s Ministry of Environment/Environmental Control Agency (BPLH) over the payment of an environmental fine valued at hundreds of billions of rupiah.

The fine was imposed after the subsidiary of United Tractors Tbk was deemed partly responsible for environmental damage in the Batang Toru and Garoga river basins, which authorities linked to hydrometeorological disasters in the area in December 2025.

Environment Minister and Head of BPLH Hanif Faisol Nurofiq said negotiations over the payment are still ongoing.

Read also:  IESR: Solar-Battery Hybrids Could Cut Indonesia’s Diesel Costs by Rp17.2 Trillion

“Agincourt is currently in negotiations regarding the payment of the fine,” Hanif said on the sidelines of the 2026 National Coordination Meeting on Waste Management, held as part of National Waste Awareness Day in Jakarta on Wednesday (Feb. 25, 2026).

Hanif did not disclose the exact amount but confirmed that the penalty runs into the hundreds of billions of rupiah.

“I don’t recall the exact figure, but it is around Rp200 billion to Rp300 billion,” he said.

In addition to Agincourt Resources, the ministry is also negotiating with PT North Sumatra Hydro Energy (NSHE), the developer of the Batang Toru hydropower project, over the payment of damages following a civil environmental lawsuit.

Read also:  From Pumped Storage to Green Corridors, KfW Maps Indonesia’s €3.04 Billion Energy Projects Through 2029

“This has entered the payment process for the civil lawsuit,” Hanif said.

Previously, the ministry filed civil lawsuits against Agincourt Resources, NSHE, and four other companies after field inspections and technical assessments concluded that their activities had caused environmental damage.

The six companies are among 28 firms whose permits were revoked by President Prabowo Subianto following findings by the Forest Area Enforcement Task Force (PKH), which linked their operations to hydrological disasters in North Sumatra, Aceh, and West Sumatra. The ministry has since revoked the environmental approvals of all the companies involved.

Read also:  Indonesia Drafts Carbon Trading Rules for Agriculture, Requires Farmer Participation in Offset Projects

Asked whether Agincourt Resources could regain its environmental approval after paying the fine, Hanif said the matter would be discussed further with the PKH task force.

“Once the payment process is completed, we will report it to the PKH task force leadership for further consideration,” he said. ***

LATEST STORIES

MORE ARTICLES

Indonesia Stock Exchange Launches Green Equity Designation

Ecobiz.asia — The Indonesia Stock Exchange (IDX) has launched the IDX Green Equity Designation, a new classification for listed companies whose business activities meet...

CIX, Carbonplace Plan Merger to Build Global Environmental Markets Infrastructure

Ecobiz.asia — Singapore-based environmental markets exchange Climate Impact X (CIX) and London-based carbon portfolio management and trading platform Carbonplace plan to merge, combining trading,...

CIP, Blueyou Team Up to Develop Indonesia Blue Carbon Projects

Ecobiz.asia – Climate Investment Partners (CIP), a global developer of nature-based climate solutions, and sustainable seafood company Blueyou have signed a strategic memorandum of...

Pertamina Identifies 13 Potential CCS/CCUS Study Locations Across Indonesia

Ecobiz.asia -- State-owned oil and gas company PT Pertamina (Persero) has identified around 13 locations across Indonesia for potential carbon capture and storage (CCS)...

Indonesia Eyes Regional CCS Hub, Sees US$43 Billion Investment Potential

Ecobiz.asia -- Indonesia has substantial carbon storage potential and is strategically positioned to become a regional carbon capture and storage (CCS) and carbon capture,...

TOP STORIES

Aren dan Penguatan KPH untuk Menggerakkan Bioekonomi Hutan

Ecobiz.asia - Penasihat Utama Menteri Kehutanan Dr. Willie Smits mengambil sejumput tanah dari bawah tegakan aren di kawasan Kesatuan Pengelolaan Hutan (KPH) Gorontalo Utara,...

Data Karhutla Terbaru, Kemenhut Ungkap Hotspot High Confidence Turun

Ecobiz.asia — Kementerian Kehutanan (Kemenhut) bersama tim gabungan terus memperkuat penanganan kebakaran hutan dan lahan (karhutla) di sejumlah wilayah prioritas, terutama Kalimantan dan Sumatera,...

IndoEBTKE ConEx 2026 Dorong Eksekusi Proyek EBT dan Percepatan Investasi Hijau

Ecobiz.asia -- Forum The 12th IndoEBTKE ConEx 2026 akan menjadi ajang untuk mempercepat realisasi proyek energi baru, terbarukan, dan konservasi energi (EBTKE) di Indonesia,...

BEI: Karhutla Berpotensi Tekan Ketersediaan Unit Karbon

Ecobiz.asia – Kebakaran hutan dan lahan (karhutla) di sejumlah wilayah Indonesia berpotensi memengaruhi ketersediaan unit karbon yang dapat diperdagangkan di pasar karbon pada periode...

Terjebak Asap Karhutla, Orangutan Lemah Diselamatkan dari Kebun Sawit

Ecobiz.asia — Seekor orangutan jantan dewasa ditemukan dalam kondisi lemah di tengah kebun sawit masyarakat di Dusun 1 Sempurna, Desa Kuala Satong, Kecamatan Matan...