Foreign media on May 24 news: Indonesia's mining minister told parliament on Wednesday that although the export ban will be implemented from June, Indonesia will allow the continued export of some metal ores.
Indonesia had planned to ban the export of all metal ores to encourage investment in the domestic processing industry.
Indonesian Energy and Mineral Resources Minister Arifin? Tasliv said Indonesia allowed continued exports of iron ore, copper, lead and zinc ore and copper concentrate anode slime until domestic smelters could process the raw materials. He said a premature ban on the export of these raw materials would affect Indonesian income and employment.
Arifin said that if the company's smelter construction is 50% complete by January, it can continue to export metal ore, but will pay export duties. Indonesia will also exempt copper miners Freeport Indonesia and Amman Mining Nusa Tenggara from the ban, as construction of smelters at both companies has also been delayed due to the pandemic.
But Arifin said exports of bauxite would be halted in June because the four existing smelters could consume ore for export. An additional $1.9 billion in export value could be created by processing it domestically, so the government would still see a net gain. He also noted that of the eight bauxite processing plants currently under construction, seven were found to be "just vacant land," despite company-issued progress reports saying they were up to 66% complete.
Indonesia banned nickel ore exports in 2020, rattling global markets. Indonesia's ban has led to a flood of capital flowing into Indonesia to build smelters, helping boost Indonesia's export output.
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