According to the Indonesian Minister for Energy and Mineral Resources, Sudirman Said, the country may delay the ban on the export of partly processed metal concentrates. In 2014, Indonesia caused a stir in global commodity markets when they banned the export of unprocessed mineral ores in an attempt to encourage investment in local smelting and processing. With investment in the processing of metals subdued due to the global commodities rout, they are reconsidering the ban on export of partly processed ores, due to start from 2017. “Indonesia has had to come to grips with the present reality of the resource sector environment. The key here is Indonesia’s authorities are realistic about current challenges and are keen to appease foreign investors, whilst maintaining their longer-term economic goals,” said Livewire contributor and founding director at MineLife, Gavin Wendt. Find the full story here: (VIEW LINK)
Please sign in to comment on this wire.