Freeport May Export Minerals

 
Kartini L Makmur, Jazmi Adlan Bohari
 
The mineral export ban policy, issued earlier this year, continues to impact on many mining companies. This applies not only to small mining companies that are struggling under the policy, but also large companies such as PT Freeport Indonesia that are also struggling.
 
Having submitted its inputs to the Government, Freeport may now export its mineral products after securing a permit as a Registered Exporter (Eksportir Terdaftar – “ET”). This permit was granted after Freeport obtained an export recommendation letter from the Ministry of Energy and Mineral Resources (“ESDM”).
 
With this permit, Freeport may undertake export and is exempt from the obligation to pay the Government’s progressive export duty levies. However, Freeport must still obtain an Export Approval Letter (SPE) as the final keyto be able to export itsminerals.
 
According to R.Sukhyar, Director General of Mineralsand Coal at the Ministry of ESDM, besides Freeport, an additional 34 companies have also obtained anexport recommendation and are in theprocess ofsecuringtheir respective ET.
 
“There are 15 metallic mineral mining companies and 19 concentrate-based mineral mining companies that have secured their RIE and have submitted an ET application,” said Mr. Sukhyar in Jakarta last Friday.
 
Susilo Siswoutomo, Deputy ESDMMinister,asserts that there is no conflictbetween a mineral export permit and the concentrate export banunderLaw No.4 of 2009on Mineralsand Coal(“Mining Law”). Mr. Siswoutomo also emphasized that all the provisions in the Mining Law are being conscientiously implemented.
 
“The implementation of the Mining Law isproof of our determinationfor themining policy which isoften underestimated by other countries.” he said.
 
Furthermore, Mr. Siswoutomo strongly stressed that the Mining Lawexiststo protect the nation’s interests.Based on that premise,he is of the viewthat the mineral export permit policy is in line with thatpurpose.
 
“Natural resources are fully owned by the people of Indonesia and are to be used for benefit and welfare of the people of Indonesia” he concluded.
 
(hot/kc)
 
Kartini L Makmur, Jazmi Adlan Bohari
 
The mineral export ban policy, issued earlier this year, continues to impact on many mining companies. This applies not only to small mining companies that are struggling under the policy, but also large companies such as PT Freeport Indonesia that are also struggling.
 
Having submitted its inputs to the Government, Freeport may now export its mineral products after securing a permit as a Registered Exporter (Eksportir Terdaftar – “ET”). This permit was granted after Freeport obtained an export recommendation letter from the Ministry of Energy and Mineral Resources (“ESDM”).
 
With this permit, Freeport may undertake export and is exempt from the obligation to pay the Government’s progressive export duty levies. However, Freeport must still obtain an Export Approval Letter (SPE) as the final keyto be able to export itsminerals.
 
According to R.Sukhyar, Director General of Mineralsand Coal at the Ministry of ESDM, besides Freeport, an additional 34 companies have also obtained anexport recommendation and are in theprocess ofsecuringtheir respective ET.
 
“There are 15 metallic mineral mining companies and 19 concentrate-based mineral mining companies that have secured their RIE and have submitted an ET application,” said Mr. Sukhyar in Jakarta last Friday.
 
Susilo Siswoutomo, Deputy ESDMMinister,asserts that there is no conflictbetween a mineral export permit and the concentrate export banunderLaw No.4 of 2009on Mineralsand Coal(“Mining Law”). Mr. Siswoutomo also emphasized that all the provisions in the Mining Law are being conscientiously implemented.
 
“The implementation of the Mining Law isproof of our determinationfor themining policy which isoften underestimated by other countries.” he said.
 
Furthermore, Mr. Siswoutomo strongly stressed that the Mining Lawexiststo protect the nation’s interests.Based on that premise,he is of the viewthat the mineral export permit policy is in line with thatpurpose.
 
“Natural resources are fully owned by the people of Indonesia and are to be used for benefit and welfare of the people of Indonesia” he concluded.
 
(hot/kc)
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