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The Indonesian Government is hoping to kickstart its economy by lifting a partial ban on exports of metal ore and mineral concentrates, a policy originally aimed at boosting domestic processing and reducing the South East Asian nations exposure to volatile commodity prices.
#0183;#32;Indonesia has drafted a new mining export tax that would more than halve the base rate to be paid by miners, a ministry official said, as the government tries to resolve a fivemonthold dispute
A mining ministry official said in October that Indonesia could export up to 15 million tonnes of nickel ore in 2017 if the ban was lifted, about onequarter of 2013 levels. The policy shift was...
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By September 2016 the Indonesian government plans to have revised regulations regarding exports of mineral ore, part of Law No. 4/2009 on Mineral and Coal Mining (New Mining Law). Per January 2014 mineral ore exports from Indonesia should have been banned altogether as the government aims to boost domestic smelter development and reduce the country''s dependence on raw material exports.
By Vincent Mariel P. Galang Reporter. THE Mines and Geosciences Bureau (MGB) said it is projecting the mining industry to grow next year, factoring in the priority mining projects in the pipeline, as well as increased prices for nickel ore due to the export ban in place in Indonesia, the top producer.
Indonesias mining industry will collapse if the government moves ead with a planned ban on the export of raw minerals, the countrys chamber of commerce has warned.
Mining in Indonesia Tax and Investment Guide 1 Indonesia continues to be a significant player in the global mining industry with significant levels of production of coal, copper, gold, tin and nickel. In particular, Indonesia remains among the worlds largest exporters of thermal coal.
Mining in Indonesia Tax and Investment Guide 1 Overview of the Indonesian Mining Industry Indonesia continues to be a significant player in the global mining industry with significant production of coal, copper, gold, tin and nickel. Indonesia also remains among the worlds largest exporters of
#0183;#32;EXPORT TAX . News that Indonesia had watered down its mineral ore ban to limit any sharp fall in export revenue, helped push the rupi currency up more than 1
A senior Indonesian mining ministry official pledged on Thursday that authorities would enforce a ban on the export of raw ore exports by 2022 to make miners process minerals in the country.
RESOURCE NATIONALISM: Indonesia will implement mineral ore export ban, taxes from May 6 Indonesia is set to implement a mineral ore export ban and impose taxes starting May 6, a senior government official told Metal Bulletin. There is no change in our plan.
#0183;#32;Indonesia has reacted to this perception with two key pieces of legislation. Firstly, foreign ownership will be restricted to below 49 percent. Secondly, Jakarta just announced that it will impose a 50 percent export tax on coal or base metals. In addition to this the government has imposed a ban on the exports of unprocessed ores.
Indonesia is set to implement a mineral ore export ban and impose taxes starting May 6, a senior government official told Metal Bulletin. There is no change in our plan . All producers that have no processing plans will be banned from exporting [ore] from Sunday, May 6, Dede I Suhendra, director of mineral, coal and geothermal resources in the energy and mineral resources ministry, said.
Indonesias fouryearold plan to ban the export of raw mineral ore in an effort to foster a domestic processing industry comes into effect on Jan. 12 with little preparation, to the frustration of the mining companies that control the export of gold, bauxite and other raw materials.
Source: PwC Indonesia, Ministry of Finance. Resistance to the rise in export duties put forward in MoF Regulation No. 6/2014 has been led by FreeportMcMoRan Copper amp; Gold Inc and Newmont Mining Corp., who claim that paying any additional taxes would violate their mining contracts.
The Indonesian government appears about to relax or drop altogether provisions in a controversial law requiring mining companies to construct smelters to process ore domestically, officials said on Feb. 16 in Jakarta. Sudirman Said, the Minister of Energy and Mineral Resources, told reporters that the government needs to review its mineral ore export ban policy as Indonesia''s smelting capacity
#0183;#32;Ministerial Regulation No. 17/2020 issued on Nov. 11 maintains the nickel ore export ban that started this year but allows miners to continue exporting
However, the Indonesian government recognised that the leadin time for the export ban would not provide sufficient time for mining operators to build the necessary infrastructure to process and
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