Indonesian law banning exports of unprocessed minerals goes into effect
Ministry of Finance ordered customs officials in seaports across the country to supervise all export activities to make sure no ores are shipped out beginning Sunday.
Minister of Industry M.S. Hidayat said that companies are still allowed to export concentrates of certain purification level until 2017, but they have to pay an export tax.
“We will impose the progressive export tax, which means the higher the purification level, the lower export tax,” Hidayat said.
Read more at: http://www.chinapost.com.tw/asia/indonesia/2014/01/13/398255/Indonesian-law.htm
A Blog for Browsing Mining, Mineral Processing, and Metals Info 