掀开奶罩边躁狠狠躁苏玥视频,无码专区3d动漫精品,去阳台跪着把屁股抬起来,精品国产丝袜黑色高跟鞋


Indonesia looks to Ease Mineral Export Ban

  • Thursday, January 9, 2014
  • Source:

  • Keywords:Indonesia Export Ban Newmont Freeport nickel
[Fellow]Indonesia’s mining ministry sought to ease a controversial mineral export ban before its Sunday deadline, but still looked set to prohibit more than $2 billion worth of annual nickel ore and bauxite shipments.
Indonesian government officials are scrambling to pass regulations to ease a ban on unprocessed mineral ore exports from Jan 12.
 
The ban aims to boost Indonesia’s long-term return from its mineral wealth, but officials fear a short-term cut in foreign revenue could widen the current account deficit, which has undermined investor confidence and battered the rupiah.
 
“The (mining) ministry proposed that miners will be given flexibility to export concentrate or processed minerals until 2017,” Sukhyar, director general of coal and minerals at the ministry, told reporters.
 
“After 2017, they will only be allowed to export metal or refined mineral,” he said.
 
The mineral ban is one of Indonesian President Susilo Bambang Yudhoyono’s biggest economic policy moves in his nearly10 years in office.
 
Under the proposed regulations, miners such as US giants Freeport-McMoRan Copper & Gold and Newmont Mining Corp would still be allowed to export copper, manganese, lead, zinc, and iron ore concentrate until 2017.
 
Freeport and Newmont, however, would not be allowed to ship copper concentrate after 2017. The two companies account for 97 per cent of the country’s copper production and currently refine only about a third of their copper output in Indonesia.
 
“The point here is ... around three years from now, the ymust purify,” Sukhyar said.
 
The ministry decided to keep the ban on nickel ore and bauxite because of ample domestic smelters, he added. Indonesia is the world’s top exporter of nickel ore.
 
Out of the hundreds of nickel miners in Indonesia, only PT Antam and PT Vale Indonesia currently process their ore domestically.
 
Last month, the mining ministry forecast nickel production would tumble 78pc this year compared with 2012, while bauxite would plummet 97pc.
 
Analysts expect global nickel prices to rise if Indonesia follows through on its ban.
 
“If there is a ban, we think there is considerable upside,” said Citi commodities strategist Ivan Szapakowski, who forecast that the LME’s benchmark 3-month nickel contract could rise as high as $17,000 a tonne from $13,465 currently.
 
Shares in Indonesian mining firms rose on the Jakarta stock exchange on Wednesday, with the mining index up 1.8pc.
 
The proposal could still be tweaked and must be approved by the president, who is expected to support the changes.—Reuters
  • [Editor:editor]

Tell Us What You Think

please login!   login   register
Please be logged in to comment!
主站蜘蛛池模板: 右玉县| 寻甸| 孟州市| 且末县| 岱山县| 甘孜| 鄂州市| 广西| 饶阳县| 徐汇区| 新郑市| 英德市| 若尔盖县| 平泉县| 舞阳县| 寿光市| 平原县| 青州市| 晋州市| 贵南县| 张掖市| 洱源县| 康定县| 恩平市| 濮阳市| 大化| 莱西市| 鸡西市| 桃园县| 得荣县| 邹城市| 启东市| 景谷| 南平市| 香河县| 越西县| 黄龙县| 永定县| 襄垣县| 蒙自县| 浦江县|