The Ministry of Energy and Mineral Resources was reported as saying it will allow exports of 15% copper concentrate from 12 January, as part of proposed regulation, which must be approved by Indonesian President Susilo Bambang Yudhoyono, but will give some reprieve to major producers Freeport Indonesia and Newmont Nusa Tenggara, as well as several local mining companies.
The proposed regulation will allow the shipments of some mineral ore concentrates to continue until 2017, but excludes nickel and bauxite, which will still be subject to the outright ban.
“The 15% [minimum concentrate requirement], is to accommodate mining companies with IUP [mining business licences],” Syahrir AB, executive director of the Indonesia Mining Association, was quoted as saying.
Freeport and Newmont both export copper concentrate of between 20% and 30% and should be able to resume normal operations, allowing workers to keep their jobs, he added.
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