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Thursday, 09 January 14
THE INDONESIAN GOVERNMENT EASES ORE EXPORT BAN


COALspot.com: The Indonesian government has finally agreed to ease the ore-export ban just a few days before the Sunday deadline amid protests from the country’s mining companies including PT Freeport Indonesia and PT Newmont Nusa Tenggara, as quoted by The Jakarta Post today.

The Jakarta post, the country's English new paper reported today, the new policy, which will allow mining companies to continue to export their mineral concentrates until 2017, is subject to approval from President of Indonesia.

Energy and Mineral Resources Minister Jero Wacik said on Wednesday that mining companies that had indicated their strong commitment to constructing smelters would be allowed to continue to export their mineral products. For that purpose, the government had also agreed to reduce the minimum purity rate of the mineral products that could be exported so that the miners could continue to export their mineral concentrates, Jero said following a meeting with ministers from related ministries, the paper further said.

Industry Minister MS Hidayat, who also attended the meeting, said the government would not change the law as the new policy would only regulate the minimum purity level of mineral products that could be exported.

The government is also expected to revise the current regulation on minimum purity rate of the mineral products. According to JP, copper concentrate can continue to be exported if its copper level in concentrate reaches 15 percent, instead of current purity level of 99.9%.

Mineral and coal director general R. Sukhyar said the export of 15 percent copper concentrate would only be allowed until 2017, as quoted by post.

Although being flexible in relation to copper concentrate, the directorate general was firm regarding other minerals, such as nickel pig iron and bauxite, the Jakarta post's report says.



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