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Ada Pertanyaan? Hubungi Kami Fathan Qorib, Yanuar Pribadhie
Jero Wacik, the Minister of Energy and Mineral Resources, believes that the mineral export policy under Government Regulation No. 1 of 2014 will not hamper mining businesses. The Minister argues that the value of exported minerals which have been purified will be far higher.
“If the prices are higher, export duty should not hamper these businesses,” said Jero.
This is the reason given as to why the policy, which has been in force since 12 January 2014, will encourage mining businesses to domestically process and purify their mining products. To that end, the expectation is that businesses will build smelters.
“The policy only bans raw mineral exports. Therefore, the level of export duty imposed depends on the level of purification and related processes. The less those processes are carried out, the higher the duty rate that will apply,” said Jero.
Mahendra Siregar, the Chairman Chief of the Indonesian Investment Coordinating Board (BKPM), says that the mineral ban policy will bring positive impacts on investment in Indonesia. His view is based on the premise that the mineral ban policy will encourage the development of two new mining related industries, the mineral processing business and mineral purifying business.
“We have issued investment permits for 30 smelter businesses. Three out of them will commence their operations by 2014. The rest will start in two years with a total investment amounting to IDR 150 trillion,” said Mahendra.
Another positive impact is the emergence of alternative energy sources. According to Mahendra, this will lead to a strengthening of energy production and reduce crude oil imports.
“However, this has to be supported by accelerating infrastructure development,” added Mahendra.
(hot/kc)
Jero Wacik, the Minister of Energy and Mineral Resources, believes that the mineral export policy under Government Regulation No. 1 of 2014 will not hamper mining businesses. The Minister argues that the value of exported minerals which have been purified will be far higher.
“If the prices are higher, export duty should not hamper these businesses,” said Jero.
This is the reason given as to why the policy, which has been in force since 12 January 2014, will encourage mining businesses to domestically process and purify their mining products. To that end, the expectation is that businesses will build smelters.
“The policy only bans raw mineral exports. Therefore, the level of export duty imposed depends on the level of purification and related processes. The less those processes are carried out, the higher the duty rate that will apply,” said Jero.
Mahendra Siregar, the Chairman Chief of the Indonesian Investment Coordinating Board (BKPM), says that the mineral ban policy will bring positive impacts on investment in Indonesia. His view is based on the premise that the mineral ban policy will encourage the development of two new mining related industries, the mineral processing business and mineral purifying business.
“We have issued investment permits for 30 smelter businesses. Three out of them will commence their operations by 2014. The rest will start in two years with a total investment amounting to IDR 150 trillion,” said Mahendra.
Another positive impact is the emergence of alternative energy sources. According to Mahendra, this will lead to a strengthening of energy production and reduce crude oil imports.
“However, this has to be supported by accelerating infrastructure development,” added Mahendra.
(hot/kc)
Fathan Qorib, Yanuar Pribadhie
Jero Wacik, the Minister of Energy and Mineral Resources, believes that the mineral export policy under Government Regulation No. 1 of 2014 will not hamper mining businesses. The Minister argues that the value of exported minerals which have been purified will be far higher.
“If the prices are higher, export duty should not hamper these businesses,” said Jero.
This is the reason given as to why the policy, which has been in force since 12 January 2014, will encourage mining businesses to domestically process and purify their mining products. To that end, the expectation is that businesses will build smelters.
“The policy only bans raw mineral exports. Therefore, the level of export duty imposed depends on the level of purification and related processes. The less those processes are carried out, the higher the duty rate that will apply,” said Jero.
Mahendra Siregar, the Chairman Chief of the Indonesian Investment Coordinating Board (BKPM), says that the mineral ban policy will bring positive impacts on investment in Indonesia. His view is based on the premise that the mineral ban policy will encourage the development of two new mining related industries, the mineral processing business and mineral purifying business.
“We have issued investment permits for 30 smelter businesses. Three out of them will commence their operations by 2014. The rest will start in two years with a total investment amounting to IDR 150 trillion,” said Mahendra.
Another positive impact is the emergence of alternative energy sources. According to Mahendra, this will lead to a strengthening of energy production and reduce crude oil imports.
“However, this has to be supported by accelerating infrastructure development,” added Mahendra.
(hot/kc)
Jero Wacik, the Minister of Energy and Mineral Resources, believes that the mineral export policy under Government Regulation No. 1 of 2014 will not hamper mining businesses. The Minister argues that the value of exported minerals which have been purified will be far higher.
“If the prices are higher, export duty should not hamper these businesses,” said Jero.
This is the reason given as to why the policy, which has been in force since 12 January 2014, will encourage mining businesses to domestically process and purify their mining products. To that end, the expectation is that businesses will build smelters.
“The policy only bans raw mineral exports. Therefore, the level of export duty imposed depends on the level of purification and related processes. The less those processes are carried out, the higher the duty rate that will apply,” said Jero.
Mahendra Siregar, the Chairman Chief of the Indonesian Investment Coordinating Board (BKPM), says that the mineral ban policy will bring positive impacts on investment in Indonesia. His view is based on the premise that the mineral ban policy will encourage the development of two new mining related industries, the mineral processing business and mineral purifying business.
“We have issued investment permits for 30 smelter businesses. Three out of them will commence their operations by 2014. The rest will start in two years with a total investment amounting to IDR 150 trillion,” said Mahendra.
Another positive impact is the emergence of alternative energy sources. According to Mahendra, this will lead to a strengthening of energy production and reduce crude oil imports.
“However, this has to be supported by accelerating infrastructure development,” added Mahendra.
(hot/kc)