Indonesia: more mining export permits issued

Aluminum , Commodities , Copper , Iron ore , Metals Jul 05, 2012 No Comments

Raw mineralsAs we were mentioning in Aluminum: China is running out of bauxite, in May, Indonesia asked all mining companies to either build their own processing capabilities locally or partner with companies able to do so, knowing that by 2014, exports of raw minerals, including bauxite, would be forbidden. Indonesia‘s goal is to derive more revenue from its mining sector.

As of late June, only 13 firms had been approved which triggered panic buying by customers in Japan and China.

To avoid further disruption to its exports, Indonesia has now awarded mineral export permits to 22 firms including 15 nickel ore miners, three iron ore miners, two copper producers and two bauxite firms. Miners to have received export permits include Newmont Corp, PT Aneka Tambang, Freeport McMoRan Copper & Gold Inc, PT Sebuku Iron Lateritic Ores and PT Sambas Mineral Mining.

Via Indonesia issues more mining export permits – Reuters

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Pascal Blanc

Pascal has implemented numerous software solutions in the areas of procurement, sourcing, spend management, supplier evaluation and performance. His clients include Fortune 500 companies in Europe, Asia and North America. He is a co-founder of Source & Procure.

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