The government will Delay Ban Exports for Mineral

Indonesia - Related to the enforcement of ban on export of minerals to be implemented early next year, will certainly be difficult. Because many who reject the policy, because the policy was contrary to Law No. 4 of 2009 on Mineral and Coal Mining (Minerba).

According to the expert staff of the Coordinating Minister for the Economy, Amir Sambodo, it is currently discussing a new regulation that will be legal basis downstream mineral policy.

Amir asserted, will all mineral mining companies will be given the opportunity to complete the development and refining of mineral processing unit (smelter) and still allowed export of ore up to three years. The rules will be revised once the Government Regulation No.24 of 2012 on the Amendment Regulation No.23/2010 on the Implementation of Mineral and Coal Mining.

"Three years of this dispensation is not final, because we had to get approval from the House before, whether it is appropriate with the concept of the Mining Law, "he said as quoted by the reporter,Jakarta, Monday (18/11).

Amir explained, though still allowed to export ore, there are several requirements that must be met mineral mining company. For example, has conducted feasibility studies ( feasibility study / FS) and held a  groundbreaking  before 2014, as well as the willingness to pay a security deposit to build a smelter.

Besides, he added, PT Freeport Indonesia and PT Newmont Nusa Tenggara, and the two companies holding concession contracts of work ( KK) will also get the dispensation of mineral exports.