RusAl, Norilsk Nickel Profit After Strong-Arming Indonesia on Export Ban
Russia’s two metal giants have emerged as big winners from Indonesia’s new mining law, after leading a drive to get Jakarta to stick to its controversial mineral ore export ban in the face of opposition from miners and Asian buyers.
In its six-month lobbying campaign last year, United Company RusAl and Norilsk Nickel delivered a blunt message to Indonesian officials: We will only invest billions of dollars in smelters if you ban bauxite and nickel ore exports.
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