Indonesia will allow miners Freeport Indonesia and Amman Mineral Nusa Tenggara to continue exporting copper concentrate until next year, despite a ban starting this June, to allow for their smelters to be completed, the mining minister said on Friday.
The government is due to ban exports of raw minerals like copper and bauxite from June as part of efforts to attract investment into its metals processing industry and boost the value of its exports.
"We are pushing so these smelters development can be concluded as soon as possible," he said, adding that they are expected to be completed in May next year. While it will likely allow the extension, the government may want to increase its stake in the company, investment minister Bahlil Lahadalia told reporters at a separate briefing.
Asked about the government's wish for a larger stake in Freeport Indonesia, the company said it remained committed to following the government's directives and policies.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Indonesia food regulator pressed to probe instant noodles after Taiwan, Malaysia recallA senior lawmaker and Indonesia's consumer watchdog have urged the food regulator to examine a product of one of the world's biggest instant noodle brands, following a recall in Taiwan and Malaysia on concerns it could contain a carcinogenic ingredient.
Read more »
Indonesia regulator says instant noodle brand safe, despite Taipei, Malaysia recallIndonesia's food regulator on Thursday said a popular product from one of the world's biggest instant noodle brands was safe for consumption in the country, despite its recall in Malaysia and in Taiwan's capital over concerns about a possible carcinogenic ingredient.
Read more »
Nearly a dozen people die after boat capsizes in Indonesia, several missingThe speedboat bound for Tanjung Pinang city in the Riau islands capsized shortly after leaving Tembilahan port.
Read more »
San Antonio Asian community weighs in after Texas Senate passes bill limiting farmland sales to four countriesThe San Antonio Asian American community is weighing in after a state Senate bill that would bar people from four foreign countries from owning farmland and mineral rights in Texas was sent to the state House for a vote.
Read more »
Colorado transfer tight end claims Deion Sanders won’t allow him to have practice filmColorado Buffaloes tight end Zachary Courtney entered the transfer portal last week and is claiming that Deion Sanders is not allowing him to have access to his practice film.
Read more »
Akron Citizens' Police Oversight Board agrees to allow outside community members on subcommitteesWe were at the firtst meeting of the Akron Citizens' Police Oversight Board since the Jayland Walker grand jury decision last night as part of our commitment to following through on developments of this newly-created group.
Read more »