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Visit of KIGAM to Jakarta & Bandung, Indonesia
  • Name담당자-MOU
  • Date2023/09/12 17:05
  • Hit567
Visit of KIGAM to Jakarta & Bandung, Indonesia


The delegation of Korea Institute of Geoscience and Mineral Resources (KIGAM, President: Dr. Pyeong-Koo Lee) visited Jakarta and Bandung in Indonesia on September 5-7 to attend a meeting with the Minister of Energy and Mineral Resources (MEMR) of Indonesia and a MOU signing ceremony between KIGAM and Institut Teknologi Bandung (ITB).

On September 7, there was a meeting between Dr. Pyeong-Koo Lee, the President of KIGAM and H.E. Mr. Arifin Tasrif, the Minister of Energy and Mineral Resources (MEMR) of Indonesia to have a discussion on collaborative research between KIGAM and Indonesia in the field of critical minerals and oil & gas fields. H.E. Mr. Tasrif especially showed his interest in critical minerals recycling technology of KIGAM. As Indonesia is planning to construct a critical minerals(nickel, etc) recycling plant in Indonesia until 2060, cooperation between KIGAM and Indonesia is valuable. H.E. Mr. Tasrif also expressed his intention to provide budget support for cooperation at the government level.

On the same afternoon, a Memorandum of Understanding(hereinafter referred to as “MOU”) between KIGAM and Institute Teknologi Bandung (ITB) was signed. This MOU is focused on cooperation in the filed of exploration, development and utilization of critical minerals and on construction of joint research center for both. The MOU was signed at the Indonesia-Korea Business Roundtable at a hotel in Jakarta, Indonesia. The business roundtable was attended by Dr. Lee and Dr. Reini Wirahadikusumah, the Rector of ITB, and the other key figures from Korea and Indonesia. 

On September 5, the KIGAM delegation visited Geological Agency of Indonesia (GAI), a national agency belongs to MEMR, in Bandung, Indonesia. During the visit, there was a presentation about the current status of critical minerals(rare earth elements, graphite, lithium, Vanadium, etc) exploration in Indonesia by GAI. After the presentation, GAI suggested KIGAM technological cooperation for exploration and development of critical minerals in Indonesia. Also, GAI mentioned collaborative research to construct a Geological Information System(GIS) of Indonesia by utilizing KIGAM’s geo-data platform.

Dr. Lee said during the visit that “It is strategically important for KIGAM to cooperate with Indonesia, which is a country enriched with natural resources, to secure mineral resources like nickel as materials for electric vehicles’ batteries and promising mineral resources such as rare earth elements, graphite, lithium, Vanadium, etc.” He also emphasized that “Our cooperation will be the first step for Korea to secure the new supply chain of critical minerals and for Korean domestic companies to extend business to Indonesia.”

Meanwhile, KIGAM is planning to hold a global conference on critical minerals, as a follow-up action of this cooperation. Indonesian domestic enterprises related to critical minerals and Korean enterprises that made inroads into Indonesia will be called in the conference.