Reuters logo
Indonesia grants metal export permits to Vale and Antam
February 20, 2014 / 12:35 PM / 4 years ago

Indonesia grants metal export permits to Vale and Antam

JAKARTA, Feb 20 (Reuters) - Indonesia’s trade ministry said on Thursday miners Vale Indonesia and state-owned PT Aneka Tambang (Antam) were among the first group of firms allowed to export processed mineral ore and refined metal under a new mining law.

Bachirul Chairi, director general of foreign trade, said PT Indoferro and PT Global Multi Tambang were also included on a list of nine companies.

Around $500 million worth of monthly metal ore and concentrate exports have ground to halt in Indonesia due to confusion surrounding the implementation of the Jan. 12 mining law, which include a mineral ore export ban and a progressive tax on concentrate shipments.

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below