Jakarta: Indonesia’s ban on exporting mineral ores is easing with Reuters reporting nine companies have been given export permits as of yesterday.
A new mining law, launched January 12, includes a mineral ore export ban and a progressive tax on concentrate shipments.
However, Vale Indonesia and PT Aneka Tambang (Antam) are among the first of nine foreign companies to be allowed to export again.
The law was introduced to encourage foreign firms to process ore locally at smelters in Indonesia.
PT Smelting, Indonesia's only copper smelter, and PT Indoferro, the country's first nickel pig iron smelter, have also been granted export permits. [21/02/14]
Indonesian mineral ban comes into effect