Indonesia considers export tax on raw minerals

Thursday, 08 September 2011 17:33:29 (GMT+3)   |  
       

Indonesia is considering an export tax for raw minerals such as nickel, copper and iron ore before the planned ban of all the shipments of these materials in 2014, according to recent media reports.
 
The industry ministry of Indonesia has stated that "a tax would encourage domestic processing of the metals", but did not reveal when the tax will be imposed.
 
Tax rates, which would start being imposed at relatively lower levels, would be tightened towards 2014 to prevent large scale shipments. The ministry expects the export ban to attract investors to build smelting and processing plants in Indonesia.

Similar articles

Brazilian high-grade iron ore price increases sharply week-on-week

17 Apr | Scrap & Raw Materials

Iron ore production increases at Vale in Q1

17 Apr | Steel News

Daily iron ore prices CFR China - April 17, 2024

17 Apr | Scrap & Raw Materials

Ukraine’s ArcelorMittal Kryvyi Rih posts higher output for Q1, plans 50% utilization

17 Apr | Steel News

Sweden’s LKAB cuts iron ore output, considers closing pellet plant

17 Apr | Steel News

Rio Tinto’s iron ore shipments down in first quarter

17 Apr | Steel News

Major steel and raw material futures prices in China - April 17, 2024

17 Apr | Longs and Billet

Daily iron ore prices CFR China - April 16, 2024

16 Apr | Scrap & Raw Materials

Major steel and raw material futures prices in China - April 16, 2024

16 Apr | Longs and Billet

Daily iron ore prices CFR China - April 15, 2024

15 Apr | Scrap & Raw Materials