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Small- and medium-sized domestic mineral miners voiced concerns on Friday that they lacked the funds to comply with a long-anticipated ban on unprocessed mineral exports, due to begin next year. The current regulation indirectly favors large international firms, they said.

“The national mining industry will die before it develops,” the Indonesian Mineral Entrepreneurs Association said in a statement on Friday.

The association, known as Apemindo, argued that local miners, most with operations less than 10 years old, did not have enough capital to build their own smelters. Apemindo said that the ban would benefit foreign mining companies that had been operating in the country for many years and had already accumulated sufficient profits to build their own smelters.

Read more at:

http://www.thejakartaglobe.com/business/raw-mineral-export-ban-looms/