INDONESIA SETS UP NEW MINERAL INDUSTRY AGENCY TO OVERSEE RARE EARTHS DEVELOPMENT

Indonesian President Prabowo Subianto has set up a new mineral industry agency that will oversee the development of rare earths and radioactive materials, the agency's new chief said on Monday.

"This agency will manage the strategic materials industry that relates to the defence industry, because strategic materials are quite important for the sovereignty of the nation, as well as important for the improvement of our economy," said agency chief Brian Yuliarto, who is also the higher education minister.

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