JAKARTA. The government will release Government Regulation and Minister of Energy and Mineral Resources (ESDM) Regulation, which allow exports of copper concentrates. Information has it that President Joko Widodo has agreed on the two legal products. Subsequently, the regulations will be processed by Ministry of Law and Human Rights. “Those will be settled in this week,” said Minister of ESDM Ignasius Jonan during a press conference at his office, Tuesday (10/1) night. Jonan said, the government regulation and Minister of ESDM regulation will stipulate the change of status of contract of work to Special Mining Permit (IUPK), as well as the obligation for divestment. Those regulations will also stipulate the extension of concentrates exports along with the obligation for constructing smelter, imposition export tax, and processing low grade ore.
President will allow concentrates exports
JAKARTA. The government will release Government Regulation and Minister of Energy and Mineral Resources (ESDM) Regulation, which allow exports of copper concentrates. Information has it that President Joko Widodo has agreed on the two legal products. Subsequently, the regulations will be processed by Ministry of Law and Human Rights. “Those will be settled in this week,” said Minister of ESDM Ignasius Jonan during a press conference at his office, Tuesday (10/1) night. Jonan said, the government regulation and Minister of ESDM regulation will stipulate the change of status of contract of work to Special Mining Permit (IUPK), as well as the obligation for divestment. Those regulations will also stipulate the extension of concentrates exports along with the obligation for constructing smelter, imposition export tax, and processing low grade ore.