Determination of Export Benchmark Prices for Mining Products Subject to Export Duty

  • In order to implement provisions originally set out under Article 2, Paragraph (1) of Minister of Trade Regulation No. 8 of 2023 on Procedures for the Determination of Export Benchmark Prices (Harga Patokan Ekspor – "HPE") for Mining Products Subject to Export Duty, the Minister of Trade has issued Decree No. 1243 of 2023 on Export Benchmark Prices for Mining Products Subject to Export Duty ("Decree 1243/2023"), which came into force on 19 July 2023.
  • In essence, Decree 1243/2023 determines export prices for the following types of mining products: 1) Copper concentrate; 2) Laterite iron concentrate; 3) Lead concentrate; and 4) Zinc concentrate, with prices that range from US$/WE 18.68  to US$/WE 5,164.67.
  • The above-listed prices will remain valid from 19 July 2023 until 31 July 2023.
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  • In order to implement provisions originally set out under Article 2, Paragraph (1) of Minister of Trade Regulation No. 8 of 2023 on Procedures for the Determination of Export Benchmark Prices (Harga Patokan Ekspor – "HPE") for Mining Products Subject to Export Duty, the Minister of Trade has issued Decree No. 1243 of 2023 on Export Benchmark Prices for Mining Products Subject to Export Duty ("Decree 1243/2023"), which came into force on 19 July 2023.
  • In essence, Decree 1243/2023 determines export prices for the following types of mining products: 1) Copper concentrate; 2) Laterite iron concentrate; 3) Lead concentrate; and 4) Zinc concentrate, with prices that range from US$/WE 18.68  to US$/WE 5,164.67.
  • The above-listed prices will remain valid from 19 July 2023 until 31 July 2023.
......

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