Indonesia Issues New Rule Allowing Mineral Exports in Force Majeure Cases

2 months ago 57

TEMPO.CO, JakartaThe Indonesian government has issued a regulation allowing mineral companies to export unprocessed ore in force majeure situations, the energy ministry said on Thursday, March 6, 2025.

Indonesia banned exports of raw minerals in 2023 to encourage metals processing at home but has made some exemptions, including to miner PT Freeport Indonesia, which was granted a permit last year to export copper concentrate until repairs at its Manyar smelter are completed.

Freeport Indonesia was forced to stop copper cathode output at its $3.7 billion copper smelter in Gresik, East Java province after a fire broke out at its gas cleaning unit in October 2023.

The smelter has annual input capacity of 1.7 million metric tons of copper concentrate, which could produce around 900,000 tons of copper cathode, 50 tons of gold and 210 tons of silver a year.

Freeport has asked the government for a new export licence after its previous one lapsed at the end of last year.

Dadan Kusdiana, secretary general of the Energy and Mineral Resources Ministry, said export permits are valid for six months after the ministry issues a recommendation they be granted.

Dadan told Reuters that Freeport Indonesia had yet to request a new export licence for copper concentrate. Freeport Indonesia did not immediately respond to a request for comment.

Deputy Energy Minister Yuliot Tanjung told Reuters that export permits would require companies to ensure sufficiency of raw materials for domestic use and that the improvement of mineral refining facilities is carried out within a certain period of time.

He also said the regulation is needed to avoid layoffs and optimize state revenue.

REUTERS

Editor’s Choice: Waves of Layoffs Spark Netizen Outcry, Demanding VP Gibran's 19 Million Job Promise

Click here to get the latest news updates from Tempo on Google News



Indonesia to Develop Thousands of Export-Oriented Villages to Drive 8% Economic Growth

7 hari lalu

Indonesia to Develop Thousands of Export-Oriented Villages to Drive 8% Economic Growth

Two Indonesian ministries are partnering to develop thousands of export-oriented villages as part of the country's push for 8% economic growth.


Indonesia to Use Its Benchmark Coal Price for Transactions from March 1

8 hari lalu

Indonesia to Use Its Benchmark Coal Price for Transactions from March 1

Indonesia currently uses the government benchmark price, known as the HBA, to calculate royalty fees for coal miners.


Shell Expects 60% Rise in Global LNG Demand by 2040 as Asia Leads Growth

9 hari lalu

Shell Expects 60% Rise in Global LNG Demand by 2040 as Asia Leads Growth

Global demand for liquefied natural gas (LNG) is estimated to rise by around 60% by 2040, Shell said on Tuesday.


Three Pertamina Sub-Holding Directors, Four Executives Named Suspects in Crude Oil Case

9 hari lalu

Three Pertamina Sub-Holding Directors, Four Executives Named Suspects in Crude Oil Case

AGO names three directors from Pertamina and four other individuals as suspects in a corruption case involving the governance of crude oil.


Two Pertamina-Supported MSMEs Export Tea, Honey to the Philippines for the First Time

11 hari lalu

Two Pertamina-Supported MSMEs Export Tea, Honey to the Philippines for the First Time

Two Pertamina-supported MSMEs, Made Tea and Bali Honey, are exporting their products for the first time to the Philippines.


Minister Bahlil on Electricity Exports to Singapore: What Are They Giving to Indonesia?

13 hari lalu

Minister Bahlil on Electricity Exports to Singapore: What Are They Giving to Indonesia?

According to Bahlil, the Indonesian government desires investment from Singapore as a reciprocal gesture.


Indonesia Official Says No Discussion of Palm Oil Export Restrictions Ahead of Ramadan

13 hari lalu

Indonesia Official Says No Discussion of Palm Oil Export Restrictions Ahead of Ramadan

Trade Ministry official said the government has not held discussions on restricting palm oil exports.


Government Allows Freeport Indonesia to Resume Copper Export

14 hari lalu

Government Allows Freeport Indonesia to Resume Copper Export

President Prabowo Subianto has allowed PT Freeport Indonesia to resume the export of raw copper.


Indonesia Amends Mining Law to Boost Access, Support Processing

16 hari lalu

Indonesia Amends Mining Law to Boost Access, Support Processing

Priority access to mining was given to religious groups and small businesses.


Prabowo Says New Export Measure to Add US$80bn to Forex Reserves

17 hari lalu

Prabowo Says New Export Measure to Add US$80bn to Forex Reserves

The new measure will be effective March 1, said Prabowo.


Read Entire Article
Pemilu | Tempo | |