11 smelters closed after exports relaxed

Published August 7, 2017 by SoClaimon

ศาสตร์เกษตรดินปุ๋ย : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation

http://www.nationmultimedia.com/detail/aec/30321449

x

11 smelters closed after exports relaxed

ASEAN+ July 22, 2017 01:00

By THE JAKARTA POST
ASIA NEWS NETWORK
JAKARTA

THE INDONESIAN Resources Studies (IRESS) has revealed that 11 smelters were closed following the relaxation of concentrate exports by the government as miners prefer to directly export their products.

“There are people who have suffered from the export relaxation, and because of the policy, the market is flooded by the commodity, making the prices go down,” IRESS executive director Marwan Batubara said on Thursday as reported by tempo.co.

The government issued three regulations that combined essentially allowed miners to export their low mineral concentrates for bauxite and nickel.

Marwan said these three regulations also cost Indonesia the opportunity to greatly benefit from smelting activities and create jobs.

Meanwhile, Jonathan Handoyo from the Indonesian Smelting and Manufacturing Business Association said that the group was now tracking companies that had been affected by the government policy. “There are those who have negotiated with the banks and those who let go of their employees,” Jonathan added.

The 11 smelters were respectively owned by PT Karyatama Konawe Utara, PT Macika Mineral Industri, PT Bintang Smelter Indonesia, PT Huadi Nickel, PT Titan Mineral, PT COR Industri, PT Megah Surya, PT Blackspace, PT Wan Xiang, PT Jinchuan and PT Transon.

The three government regulations were: Government Regulation No 1/2017 on the relaxation of concentrate exports, followed by the Energy and Mineral Resources Minister’s Regulations No 5/2017 and No 6/2017, essentially allowing miners to export their low mineral concentrates for bauxite and nickels.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: