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Indonesia may relax export ban

Keywords: Tags  Indonesia ban, mineral exports, Muhammad Sulaeman Hidayat, Shivani Singh

SINGAPORE — Proposed amendments to Indonesia’s ban on unprocessed mineral exports would allow miners with smelters that are under construction to ship raw materials abroad, a media report quoted the country’s industry minister as saying.

These mining companies would be charged a progressive duty on the shipments of minerals, and the export duty would depend on how close to completion their projects are, Reuters quoted industry minister Muhammad Sulaeman Hidayat as saying.

No additional details on the range of the progressive export duty or method of calculation were given, the report said.

Last week, Indonesia removed the mineral export quota, leading many to question whether an export ban slated to take effect this coming January will go through.

A version of this article was first published in AMM sister publication Metal Bulletin.

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