Ada Pertanyaan? Hubungi Kami 
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Ada Pertanyaan? Hubungi Kami Kartini L Makmur, Yanuar Pribadhie
The mineral export ban policy continues to be one of the most-debated issues in the Indonesian business community this year. While some businesses are still of the view that mineral exports are totally prohibited, the Ministry of Trade has confirmed that certain mineral exports are possible within certain limitations.
Minister of Trade Regulation No. 4/M-DAG/PER/1/2014still allows mineral concentrate to be exported but with export duty applied until the end of 2016. In order to conduct this kind of export, mining companies must secure a permit as a Registered Exporter (Eksportir Terdaftar – ET) for Processed and Purified Minerals.
Before mining companies can secure an ET, they must first obtain a recommendation from the Ministry of Energy and Mineral Resources (ESDM), which will issue recommendations to holders of Mining Business Licenses (Izin Usaha Pertambangan – IUP) and Special IUP for Production Operations.
R. Syukhar, Director General of Mineral and Coal Mining at the ESDM, affirmed, however, that his institution will not issue the recommendation easily. He emphasized that businesses must show their commitment to build a smelter in order to secure a recommendation.
This commitment may be indicated by providing a smelter development roadmap. In addition, the applicant should have sufficient reserves for developing the smelter and future purification capacity.
”The roadmap is an important reference for the Government to identify the commitment of a business to build a smelter. If they are able to fulfill it in one year, we need not wait for three years,” Sukhyar explained.
Furthermore, Sukhyar stated that the Government is currently reformulating the refundable deposit system. Sukhyar mentioned that the amount of the refundable deposit for mining industry businesses is 5 percent of a business’ total capital expenditure for a smelter building.
For an investment of USD 2 billion, approximately USD 100 million should be deposited in the designated national bank. This deposit will be gradually refunded in accordance with progress on the smelter construction.
“The provisions on the refundable deposit will be annexed to the ESDM Minister No. 1/2014. Later on, we will amend it in the new form,” explained Sukhyar.
Susilo Siswoutomo, Deputy Minister of ESDM stated that the refundable deposit is aimed to accelerate smelter building. In addition, businesses will be given incentives such as value-added tax relief. The Ministry also intends to use various approaches to provide possibilities for businesses to engage in further negotiations regarding the deposit.
“They may come to us to accelerate smelter building,” said Susilo.
(hot/kc)
The mineral export ban policy continues to be one of the most-debated issues in the Indonesian business community this year. While some businesses are still of the view that mineral exports are totally prohibited, the Ministry of Trade has confirmed that certain mineral exports are possible within certain limitations.
Minister of Trade Regulation No. 4/M-DAG/PER/1/2014still allows mineral concentrate to be exported but with export duty applied until the end of 2016. In order to conduct this kind of export, mining companies must secure a permit as a Registered Exporter (Eksportir Terdaftar – ET) for Processed and Purified Minerals.
Before mining companies can secure an ET, they must first obtain a recommendation from the Ministry of Energy and Mineral Resources (ESDM), which will issue recommendations to holders of Mining Business Licenses (Izin Usaha Pertambangan – IUP) and Special IUP for Production Operations.
R. Syukhar, Director General of Mineral and Coal Mining at the ESDM, affirmed, however, that his institution will not issue the recommendation easily. He emphasized that businesses must show their commitment to build a smelter in order to secure a recommendation.
This commitment may be indicated by providing a smelter development roadmap. In addition, the applicant should have sufficient reserves for developing the smelter and future purification capacity.
”The roadmap is an important reference for the Government to identify the commitment of a business to build a smelter. If they are able to fulfill it in one year, we need not wait for three years,” Sukhyar explained.
Furthermore, Sukhyar stated that the Government is currently reformulating the refundable deposit system. Sukhyar mentioned that the amount of the refundable deposit for mining industry businesses is 5 percent of a business’ total capital expenditure for a smelter building.
For an investment of USD 2 billion, approximately USD 100 million should be deposited in the designated national bank. This deposit will be gradually refunded in accordance with progress on the smelter construction.
“The provisions on the refundable deposit will be annexed to the ESDM Minister No. 1/2014. Later on, we will amend it in the new form,” explained Sukhyar.
Susilo Siswoutomo, Deputy Minister of ESDM stated that the refundable deposit is aimed to accelerate smelter building. In addition, businesses will be given incentives such as value-added tax relief. The Ministry also intends to use various approaches to provide possibilities for businesses to engage in further negotiations regarding the deposit.
“They may come to us to accelerate smelter building,” said Susilo.
(hot/kc)
Kartini L Makmur, Yanuar Pribadhie
The mineral export ban policy continues to be one of the most-debated issues in the Indonesian business community this year. While some businesses are still of the view that mineral exports are totally prohibited, the Ministry of Trade has confirmed that certain mineral exports are possible within certain limitations.
Minister of Trade Regulation No. 4/M-DAG/PER/1/2014still allows mineral concentrate to be exported but with export duty applied until the end of 2016. In order to conduct this kind of export, mining companies must secure a permit as a Registered Exporter (Eksportir Terdaftar – ET) for Processed and Purified Minerals.
Before mining companies can secure an ET, they must first obtain a recommendation from the Ministry of Energy and Mineral Resources (ESDM), which will issue recommendations to holders of Mining Business Licenses (Izin Usaha Pertambangan – IUP) and Special IUP for Production Operations.
R. Syukhar, Director General of Mineral and Coal Mining at the ESDM, affirmed, however, that his institution will not issue the recommendation easily. He emphasized that businesses must show their commitment to build a smelter in order to secure a recommendation.
This commitment may be indicated by providing a smelter development roadmap. In addition, the applicant should have sufficient reserves for developing the smelter and future purification capacity.
”The roadmap is an important reference for the Government to identify the commitment of a business to build a smelter. If they are able to fulfill it in one year, we need not wait for three years,” Sukhyar explained.
Furthermore, Sukhyar stated that the Government is currently reformulating the refundable deposit system. Sukhyar mentioned that the amount of the refundable deposit for mining industry businesses is 5 percent of a business’ total capital expenditure for a smelter building.
For an investment of USD 2 billion, approximately USD 100 million should be deposited in the designated national bank. This deposit will be gradually refunded in accordance with progress on the smelter construction.
“The provisions on the refundable deposit will be annexed to the ESDM Minister No. 1/2014. Later on, we will amend it in the new form,” explained Sukhyar.
Susilo Siswoutomo, Deputy Minister of ESDM stated that the refundable deposit is aimed to accelerate smelter building. In addition, businesses will be given incentives such as value-added tax relief. The Ministry also intends to use various approaches to provide possibilities for businesses to engage in further negotiations regarding the deposit.
“They may come to us to accelerate smelter building,” said Susilo.
(hot/kc)
The mineral export ban policy continues to be one of the most-debated issues in the Indonesian business community this year. While some businesses are still of the view that mineral exports are totally prohibited, the Ministry of Trade has confirmed that certain mineral exports are possible within certain limitations.
Minister of Trade Regulation No. 4/M-DAG/PER/1/2014still allows mineral concentrate to be exported but with export duty applied until the end of 2016. In order to conduct this kind of export, mining companies must secure a permit as a Registered Exporter (Eksportir Terdaftar – ET) for Processed and Purified Minerals.
Before mining companies can secure an ET, they must first obtain a recommendation from the Ministry of Energy and Mineral Resources (ESDM), which will issue recommendations to holders of Mining Business Licenses (Izin Usaha Pertambangan – IUP) and Special IUP for Production Operations.
R. Syukhar, Director General of Mineral and Coal Mining at the ESDM, affirmed, however, that his institution will not issue the recommendation easily. He emphasized that businesses must show their commitment to build a smelter in order to secure a recommendation.
This commitment may be indicated by providing a smelter development roadmap. In addition, the applicant should have sufficient reserves for developing the smelter and future purification capacity.
”The roadmap is an important reference for the Government to identify the commitment of a business to build a smelter. If they are able to fulfill it in one year, we need not wait for three years,” Sukhyar explained.
Furthermore, Sukhyar stated that the Government is currently reformulating the refundable deposit system. Sukhyar mentioned that the amount of the refundable deposit for mining industry businesses is 5 percent of a business’ total capital expenditure for a smelter building.
For an investment of USD 2 billion, approximately USD 100 million should be deposited in the designated national bank. This deposit will be gradually refunded in accordance with progress on the smelter construction.
“The provisions on the refundable deposit will be annexed to the ESDM Minister No. 1/2014. Later on, we will amend it in the new form,” explained Sukhyar.
Susilo Siswoutomo, Deputy Minister of ESDM stated that the refundable deposit is aimed to accelerate smelter building. In addition, businesses will be given incentives such as value-added tax relief. The Ministry also intends to use various approaches to provide possibilities for businesses to engage in further negotiations regarding the deposit.
“They may come to us to accelerate smelter building,” said Susilo.
(hot/kc)