Indonesia considers 50 percent mining export tax in 2013

Wednesday, 04 April 2012 17:10:30 (GMT+3)   |  
       

Indonesia plans to impose a 25 percent export tax on coal and base metals, rising to 50 percent in 2013, according to media reports.

A senior official at Indonesia's Ministry of Energy and Mineral Resources stated that in February the ministry announced a possible mining ban to be implemented in 2014, leading the mining industry to ramp up production and export as much as possible before 2014. Considering the output boom as a threat, the government now seeks to curb output by introducing an export tax.

No exact date has been given for the entry into force of the export tax.

On the other hand, India has raised concerns about the possible negative impacts of Indonesia's export tax, stating that it will raise imported coal costs.


Similar articles

Mexican domestic scrap prices

28 Mar | Scrap & Raw Materials

Carbon and stainless scrap prices in Taiwanese domestic market - week 13, 2024

28 Mar | Scrap & Raw Materials

Turkey’s deep sea scrap prices stabilize at $385-390/mt CFR

28 Mar | Scrap & Raw Materials

Iron ore prices drop by over $9//mt week on week, mood remains bad

28 Mar | Scrap & Raw Materials

Goa government to ease policy for liquidating iron ore dumps lying on private land

28 Mar | Steel News

Ex-Brazil BPI exporters achieve slight rise in latest deals to US amid better scrap sentiment

28 Mar | Scrap & Raw Materials

Global DRI output up 7.6 percent in February

28 Mar | Steel News

Major steel and raw material futures prices in China - March 28, 2024

28 Mar | Longs and Billet

CISA: Coking coal purchase cost in China down 9.86% in Jan-Feb

28 Mar | Steel News

MOC: Average steel prices in China down slightly during Mar 18-24

28 Mar | Steel News