The Jakarta Post
A preliminary report on Indonesia’s mineral exports for the month of June shows at least three commodities were severely affected by a set of new regulations that stipulate, among other things, a 20 percent export tax and the so-called “clean-and-clear” mechanism.
Based on Trade Ministry data, the export of nickel plunged 80 percent from 2.8 million tons in May to 572,106 tons in June.
The export of copper nose-dived 90 percent from 193,941 tons in May to 20,000 tons June. Bauxite suffered the most with almost no exports in June from 2.36 million tons just a month before.
Shelby Ihasan Saleh of the Indonesian Nickel Association (ANI) blamed the tightening of export regulations for flagging nickel exports.
The Energy and Mineral Resources Ministry, in tandem with the Trade Ministry and the Finance Ministry, issued a set of new regulations on May 6 that d...