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Jakarta Post

Raw mineral exports from different perspective

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Jakarta   /   Thu, May 4, 2017   /  08:37 am
Raw mineral exports from different perspective An employee walks past bags of material belonging to mining company PT Vale Indonesia in Sorowako, South Sulawesi. (JP/Ruslan Sangaji)

Media reports surrounding the country’s mining industry has been recently dominated by Freeport, Freeport and Freeport. However there are more issues in the country’s mining sector that need to be raised and discussed. The Freeport saga is a result of Government Regulation (PP) No. 1/2017, which eventually gives Freeport a choice of converting its contract of work (CoW) with a requirement to build a smelter, or continuing with the CoW until 2021 with the possibility of not being granted an extension. Issued as the fourth revision of PP No. 23/2010, PP. No. 1/2017 was also accompanied by Energy and Mineral Resources Minister’s Regulation (Permen ESDM) No. 5 and 6/2017, which gives details about what was being revised in PP No. 23/2010. Two of the most discussed issues are nickel ore with a grade of less than 1.7 percent that can now be exported, as well as washe...

Disclaimer: The opinions expressed in this article are those of the author and do not reflect the official stance of The Jakarta Post.