Indonesia Firm on Ore Export Ban, Local Industry Issues Doomsday Warning

Indonesia’s mining industry will be killed off by a planned ban on unprocessed mineral exports, a domestic miners’ association said, accusing the government of favoring international firms that can more easily adapt to the new rules.

The ban by Indonesia, the world’s top exporter of nickel ore, coal and refined tin and a major supplier of bauxite, would force miners to build smelters or sell ore to companies with smelters, reducing profit margins for smaller operators.

Read more at: http://www.thejakartaglobe.com/business/indonesia-firm-on-ore-export-ban-local-industry-issues-doomsday-warning/

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