Indonesia issues new rule allowing mineral exports in force majeure cases

Reuters
03-06
UPDATE 1-Indonesia issues new rule allowing mineral exports in force majeure cases 

Releads, adds details, background throughout

JAKARTA, March 6 (Reuters) - The Indonesian government has issued a regulation allowing mineral companies to export unprocessed ore in force majeure situations, the energy ministry said on Thursday.

Indonesia banned exports of raw minerals in 2023 to encourage metals processing at home, but has made some exemptions, including to miner PT Freeport Indonesia, which was granted a permit last year to export copper concentrate until repairs at its Manyar smelter are completed.

Freeport has asked the government for a new export license after its previous one lapsed at the end of last year.

Dadan Kusdiana, secretary general of the Energy and Mineral Resources Ministry, said export permits are valid for six months after the ministry issues a recommendation they be granted.

Dadan told Reuters Freeport Indonesia had yet to request a new export license for copper concentrate. Freeport Indonesia did not immediately respond to a request for comment.

Bloomberg Technoz had earlier on Thursday cited a deputy energy minister as saying Freeport Indonesia would be allowed to export copper concentrate until June 2025 following the issue of the new regulation.

(Reporting by Fransisca Nangoy, Ananda Teresia and Dewi Kurniawati; Editing by Martin Petty)

((Ananda.Teresia@thomsonreuters.com;))

免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。

热议股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10