Indonesian companies require the government to mitigate measures to ban iron ore export export

Indonesian mining companies will insist on mitigating the ban on export of minerals, entering into force since the beginning of 2014. According to the companies, this is necessary not only to keep the course of Indonesian rupees, but also to maintain the country at the proper level of the country's economy, which is the largest in Southeast Asia.

Indonesia is an exporter of nickel ore, coal and refined tin in the world, its mining industry provides approximately 12 percent of the country's GDP. Typically, Indonesian careers are installed Konovka car for administrative needs of staff. Nevertheless, the authorities went to the introduction of unprocessed mineral raw materials since January 2014, which can negatively affect Indonesia industry and business relations with foreign investors. The government, apparently, is still not going to abandon its intentions.

Indonesia power went to such strict measures of the authorities because the country practically does not build factories for the processing of mined ores, which are mainly exported to large world markets. Initially, the duties of unprocessed iron ore were significantly increased in Indonesia, but in the end these “stimulating” measures were tightened to a complete ban on the export of raw materials outside the country. However, the authorities still provided for the case when the export is permitted. For this, the exporting company needs to build an ore processing plant.

This rule also applies to the companies that have only begun the construction of such facilities, however, duties will be valid for them, the size of which will depend on what stage of construction the plant is located - the closer the completion of construction work, the less the duty will be.

In the meantime, this situation is not permitted, large international importers of iron and nickel ore are already considering the possibility of diversification of supplies. This, in turn, can lead to the loss of a significant part of the market for local mining companies.