Equityworld Futures, Jakarta – The government has issued Government Regulation No. 1 Year 2017

on the Implementation of Mineral and Coal Mining (Regulation 1/2017).

This rule opens opportunities for mining companies holders of Mining Business License (IUP)

and Special Mining Business License (IUPK) for the export of certain types of raw minerals.

Previous raw mineral exports have been banned in January 2014, mine owners are required to export the minerals that have been purified.

 

Equityworld Futures | New Regulations Regarding Activities of Mineral and Coal Mining.

Acting Secretary General of the Ministry of Industry, Haris Munandar,

PP 1/2017 states not to harm entrepreneurs who have built smelter (mineral processing and refining facilities) both in terms of supply of raw material to other losses.

“We hope smelter industries that have grown lest he be harmed by the policies which will hurt them in terms of supply of raw materials,

” said Haris at the Pullman Hotel, Central Jakarta, Tuesday (01/31/2017).

Currently it is reviewing the solution for entrepreneurs who have developed smelter.

“Later we examine, find with the Ministry of Energy’s solution for coming out. We still look and can not assess berdampknya negative or not,” he said.

He called investors who already build smelter industry in the country will not give up.

That’s because the raw mineral exports subject to duties of 10%, quite a burden for employers who do not do the downstream mineral.

According to him, instead of exporting at prices more expensive 10% thereby affecting competitiveness in the global market,

the mine operators will be more interested in selling the raw minerals to the smelter in the country.

 

Equityworld Futures | New Regulations Regarding Activities of Mineral and Coal Mining.

“No lah (not cured). Although it is permissible but it still costs the release would be raised to 10% margin. If the price beyond the same price as in the not much different from the inside, he must sell in the country, rather than bother with that price and cost-better cost him at home, “said Haris.

He called has provided several incentives for businesses to build the smelter industry. Incentives eg tax allowance as in Morowali.

“In addition, in the PMK 76, that they import the imported goods are not subject to customs duties. So it has a lot of existing facilities and the master list of all goods he imported machinery in the context of the investment is not subject to import duties,” he concluded.

read our news in  Equityworld Futures