13-01-2014, 09:42 AM
The new export ban might impact on quite a bit of mining companies, except giant ones...
Jakarta bans mineral ore exports but 66 firms exempted for now
JAKARTA — Indonesia, one of the world’s biggest resource exporters, yesterday halted exports of mineral ore in a bid to promote domestic processing, but the country’s President passed a last-minute regulation to ease the impact of the ban on major mining companies.
In one of his biggest economic policy decisions since taking office nearly 10 years ago, President Susilo Bambang Yudhoyono approved the ban, but allowed American mining giants Freeport-McMoRan Copper & Gold and Newmont Mining to continue to ship billions of dollars worth of copper overseas.
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http://www.todayonline.com/business/jaka...empted-now
Jakarta bans mineral ore exports but 66 firms exempted for now
JAKARTA — Indonesia, one of the world’s biggest resource exporters, yesterday halted exports of mineral ore in a bid to promote domestic processing, but the country’s President passed a last-minute regulation to ease the impact of the ban on major mining companies.
In one of his biggest economic policy decisions since taking office nearly 10 years ago, President Susilo Bambang Yudhoyono approved the ban, but allowed American mining giants Freeport-McMoRan Copper & Gold and Newmont Mining to continue to ship billions of dollars worth of copper overseas.
...
http://www.todayonline.com/business/jaka...empted-now
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