Indonesia to ban all mineral concentrate exports from 2017

JAKARTA Mon Jan 13, 2014 5:24am EST

JAKARTA Jan 13 (Reuters) - Indonesia will ban all exports of mineral concentrate from 2017, providing a few years for mining firms to build sufficient domestic smelting and refining capacity to continue operating in the Southeast Asian nation, a mining official said on Monday.

President Susilo Bambang Yudhoyono signed last-minute regulations on Saturday to ease a mineral export ban for certain minerals, allowing exports of copper, iron ore, lead and zinc concentrate to continue.

Copper concentrate with a minimum of 15 percent content will be allowed to be exported despite the ban, said Sukhyar, director general of coal and minerals at the mining ministry.