Reuters logo
Indonesia mining firms rebound on hopes mineral export ban will be eased
January 8, 2014 / 9:03 AM / 4 years ago

Indonesia mining firms rebound on hopes mineral export ban will be eased

JAKARTA, Jan 8 (Reuters) - The Indonesian mining index rose 1.8 percent on Wednesday after the government sought to ease a looming mineral export ban.

The mining ministry proposed a regulation that would allow shipments of some mineral ore concentrates to continue until 2017. However, the proposal must be approved by the president.

State-controlled gold miner Aneka Tambang and nickel producer Vale Indonesia rose 1 percent each to 1,015 rupiah and 2,200 rupiah, respectively.

At 0800 GMT, the broader Jakarta Composite Index was up 0.64 percent, while the blue-chip index was 0.8 percent higher.

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