Thursday, December 26, 2019

Inconsistency in ore export ban overshadows mining sector in 2019 - Jakarta Post

The government’s policy to restrict ore exports dominated the news in the mining sector this year as it not only received negative reactions from local miners but also from other countries such as the European Union, which has threatened to sue Indonesia at the World Trade Organization (WTO) over the ban. The government has been steadfast on enforcing the game-changing ban starting January 2020, three years after the preceding administration under Susilo Bambang Yudhoyono canceled a similar ban due to a lack of domestic smelters. The government had initially planned to enforce the ban in 2022, but later brought it forward by two years to ensure a large enough ore supply for dozens of smelters that have begun operation. “We have many smelters now, so the government wants to accelerate the development of downstream industries and will take the initiative by stopping ni...

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December 27, 2019 at 01:11PM
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Inconsistency in ore export ban overshadows mining sector in 2019 - Jakarta Post
"mining" - Google News
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