Indonesian govt must offer incentives to build smelters-PT Indosmelt
JAKARTA, Feb 4 (Reuters) – Indonesia’s government must provide tax holidays and other financial incentives to convince companies to invest hundreds of millions of dollars to build copper smelters amid weak global prices, said the head of smelting firm PT Indosmelt.
President Susilo Bambang Yudhoyono last month imposed new mining policies, including a controversial mineral ore export ban and progressive export taxes, aimed at forcing miners to build smelters and process their raw materials in Indonesia.
Read more at: http://uk.reuters.com/article/2014/02/04/indonesia-indosmelt-idUKL3N0L91D920140204
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