Indonesia Holding Firm on Ore Ban Amid More Investments

Posted on August 13, 2014 by Nanthakumar Victor Emmanuel, P.Eng Leave a comment

Indonesia’s ban on ore exports will remain in place under the next government as the curbs spur as much as $18 billion in investment in processing plants by 2017, said the Energy and Mineral Resources Ministry.

Mostly Chinese investors are planning at least 64 facilities to process nickel, bauxite and other metals, R. Sukhyar, director general of mineral and coal, said in an interview. Investments reached $4.9 billion so far this year, said Sukhyar, who’ll keep his post in the new administration.