TheJakartaPost
Please Update your browser
Your browser is out of date, and may not be compatible with our website. A list of the most popular web browsers can be found below.
Just click on the icons to get to the download page.
Comments on other issues: Export taxes paid by small miners
July 19, p20Amid the prolonged battle between the government and big miners over a policy to ban the export of raw mineral ore, two smaller miners have agreed to ship their raw ore overseas despite having to pay hefty export taxes
Change Size
J
strong>July 19, p20
Amid the prolonged battle between the government and big miners over a policy to ban the export of raw mineral ore, two smaller miners have agreed to ship their raw ore overseas despite having to pay hefty export taxes.
Your comments:
Any business entity in Indonesia has the right to make its own decisions. To meet the government's requirements, Newmont has to build a smelter plant which costs about US$1 billion ' it takes three years to complete and this does not account for the electricity supplies that need to be installed.
You used the word 'greedy'. Why and how is Newmont greedy? Didn't they pay their taxes over the years? Isn't $1 billion a lot of money? How and why should Newmont help others to build smelters ' for what particular reason? If worse comes to worst, you might see Newmont fold. Who loses?
Luwanto
If you are investing and risking billions of dollars, you must make sure you are also allowed to enjoy the profits if and when they are ever generated.
Kantisini
