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Ada Pertanyaan? Hubungi Kami Kartini L Makmur, Yanuar Pribadhie
The Ministry of Energy and Mineral Resources (ESDM) is now drafting a policy for contract of work (KK) and mining license (IUP) holders, which will give limited concessions for mineral exports to mining companies that wish to build smelter facilities.
The relief will apply to minerals that have been processed to a certain level. Raw materials, however, will not be allowed to be exported.
“The Government is about to amend Government Regulation No. 23 of 2010 and Minister of ESDM Regulation No. 20 of 2013. For now, we are also preparing for that designated level,” said Sukhyar, Director General of Coal and Minerals, in Jakarta on Wednesday.
Under the policy, the Government will still impose export duty on exported minerals. This regulation, said Sukhyar, will apply while the smelter is being built.
Sukhyar hopes that this regulation will be an effective incentive to enhance KK and IUP holder’s investment commitments and achieve smelter investments equal to USD 17.4b. According to the most recent data, investment has reached USD 6b.
Business Concerns
The absence of a regulatory framework for the mineral export ban policy has made big players in the mining industry, such as Newmont Nusa Tenggara and Freeport Indonesia, worried. They are concerned that this policy will necessitate massive layoffs.
However, until now, Newmont is yet to terminate large numbers of employees as was feared. Instead, on 23 December, it delivered notification letters to its employees saying that if there was no change to the mineral export ban policy, employees will only be working for regular working hours as of 23 January.
“This policy will reduce their monthly income. However, this it will only apply to permanent employees. Contract employees, on the other hand, will be terminated,” said Yoesrawan Galang, Deputy Coordinator of Newmont’s Mining Worker Union.
Yoesrawan also mentioned that he and his colleagues will conduct a rally at the Ministry of ESDM and the Ministry of Manpower and Transmigration to deliver their position on the mineral export ban policy.
(hot/kc)
The Ministry of Energy and Mineral Resources (ESDM) is now drafting a policy for contract of work (KK) and mining license (IUP) holders, which will give limited concessions for mineral exports to mining companies that wish to build smelter facilities.
The relief will apply to minerals that have been processed to a certain level. Raw materials, however, will not be allowed to be exported.
“The Government is about to amend Government Regulation No. 23 of 2010 and Minister of ESDM Regulation No. 20 of 2013. For now, we are also preparing for that designated level,” said Sukhyar, Director General of Coal and Minerals, in Jakarta on Wednesday.
Under the policy, the Government will still impose export duty on exported minerals. This regulation, said Sukhyar, will apply while the smelter is being built.
Sukhyar hopes that this regulation will be an effective incentive to enhance KK and IUP holder’s investment commitments and achieve smelter investments equal to USD 17.4b. According to the most recent data, investment has reached USD 6b.
Business Concerns
The absence of a regulatory framework for the mineral export ban policy has made big players in the mining industry, such as Newmont Nusa Tenggara and Freeport Indonesia, worried. They are concerned that this policy will necessitate massive layoffs.
However, until now, Newmont is yet to terminate large numbers of employees as was feared. Instead, on 23 December, it delivered notification letters to its employees saying that if there was no change to the mineral export ban policy, employees will only be working for regular working hours as of 23 January.
“This policy will reduce their monthly income. However, this it will only apply to permanent employees. Contract employees, on the other hand, will be terminated,” said Yoesrawan Galang, Deputy Coordinator of Newmont’s Mining Worker Union.
Yoesrawan also mentioned that he and his colleagues will conduct a rally at the Ministry of ESDM and the Ministry of Manpower and Transmigration to deliver their position on the mineral export ban policy.
(hot/kc)
Kartini L Makmur, Yanuar Pribadhie
The Ministry of Energy and Mineral Resources (ESDM) is now drafting a policy for contract of work (KK) and mining license (IUP) holders, which will give limited concessions for mineral exports to mining companies that wish to build smelter facilities.
The relief will apply to minerals that have been processed to a certain level. Raw materials, however, will not be allowed to be exported.
“The Government is about to amend Government Regulation No. 23 of 2010 and Minister of ESDM Regulation No. 20 of 2013. For now, we are also preparing for that designated level,” said Sukhyar, Director General of Coal and Minerals, in Jakarta on Wednesday.
Under the policy, the Government will still impose export duty on exported minerals. This regulation, said Sukhyar, will apply while the smelter is being built.
Sukhyar hopes that this regulation will be an effective incentive to enhance KK and IUP holder’s investment commitments and achieve smelter investments equal to USD 17.4b. According to the most recent data, investment has reached USD 6b.
Business Concerns
The absence of a regulatory framework for the mineral export ban policy has made big players in the mining industry, such as Newmont Nusa Tenggara and Freeport Indonesia, worried. They are concerned that this policy will necessitate massive layoffs.
However, until now, Newmont is yet to terminate large numbers of employees as was feared. Instead, on 23 December, it delivered notification letters to its employees saying that if there was no change to the mineral export ban policy, employees will only be working for regular working hours as of 23 January.
“This policy will reduce their monthly income. However, this it will only apply to permanent employees. Contract employees, on the other hand, will be terminated,” said Yoesrawan Galang, Deputy Coordinator of Newmont’s Mining Worker Union.
Yoesrawan also mentioned that he and his colleagues will conduct a rally at the Ministry of ESDM and the Ministry of Manpower and Transmigration to deliver their position on the mineral export ban policy.
(hot/kc)
The Ministry of Energy and Mineral Resources (ESDM) is now drafting a policy for contract of work (KK) and mining license (IUP) holders, which will give limited concessions for mineral exports to mining companies that wish to build smelter facilities.
The relief will apply to minerals that have been processed to a certain level. Raw materials, however, will not be allowed to be exported.
“The Government is about to amend Government Regulation No. 23 of 2010 and Minister of ESDM Regulation No. 20 of 2013. For now, we are also preparing for that designated level,” said Sukhyar, Director General of Coal and Minerals, in Jakarta on Wednesday.
Under the policy, the Government will still impose export duty on exported minerals. This regulation, said Sukhyar, will apply while the smelter is being built.
Sukhyar hopes that this regulation will be an effective incentive to enhance KK and IUP holder’s investment commitments and achieve smelter investments equal to USD 17.4b. According to the most recent data, investment has reached USD 6b.
Business Concerns
The absence of a regulatory framework for the mineral export ban policy has made big players in the mining industry, such as Newmont Nusa Tenggara and Freeport Indonesia, worried. They are concerned that this policy will necessitate massive layoffs.
However, until now, Newmont is yet to terminate large numbers of employees as was feared. Instead, on 23 December, it delivered notification letters to its employees saying that if there was no change to the mineral export ban policy, employees will only be working for regular working hours as of 23 January.
“This policy will reduce their monthly income. However, this it will only apply to permanent employees. Contract employees, on the other hand, will be terminated,” said Yoesrawan Galang, Deputy Coordinator of Newmont’s Mining Worker Union.
Yoesrawan also mentioned that he and his colleagues will conduct a rally at the Ministry of ESDM and the Ministry of Manpower and Transmigration to deliver their position on the mineral export ban policy.
(hot/kc)