Seatrade Maritime is part of the Informa Markets Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Indonesian miners given a reprieve

Indonesian miners given a reprieve
Jakarta: In what must come as good news for smaller dry bulk shippers in the Pacific trades, Indonesia said it will allow some exports of raw mineral ore  even after the ban is scheduled to kick in from 2014 to give miners more time to build their smelters. 

Deputy Energy and Mineral Resources Minister Rudi Rubiandini was quoted as saying: “It won’t be fully enforced in 2014 as it won’t be fair to the companies." As many as 30 smelters may be built to process nickel, bauxite and iron ore, out of 185 proposals received by the ministry, he said. 

To cut costs, the smelters will be clustered in four regions near LNG sources such as in Halmahera Island, Balikpapan in East Kalimantan, South Sulawesi and East Java. Gas is expected to come from Tangguh LNG plant for the smelters in Halmahera, from Sengkang for Sulawesi and Bontang for the plants in Balikpapan.