The Indonesia ban attracting upstream investments

The Indonesian constitutional court rejected the challenge raised by the mining companies regarding the country’s ban on raw materials export which was imposed in January.

The ban on mineral ores imposed on 12th January was to channel investments in the direction of mineral processing in the country to develop finished goods. However the ban created a stir in the global mineral market and the Indonesian Association of Mineral Entrepreneurs and companies that have mining licenses had filed a request in January to review the laws that formed the foundation of the ban. The chief justice, Hamdan Zoelva however rejected the plea saying that the ruling is final.

The newly appointed President Joko Widodo also reaffirmed his consent to the ban last month.

The director general of minerals and coal at the Energy and Mineral Resources Ministry, R. Sukhyar said in August that the curb has brought in about $18 billion worth of investment commitments, especially Chinese investors looking to make processing plants. Six alumina refineries are now in plans, according to ministry data.

Copyright and Exemption Declaration :¢ÙAll articles, pictures and videos that are marked with "China Aluminum Network" on this website are copyright and belong to China Aluminium Network (www.alu.com.cn). When transshipment, any media, website or individual must list the source from "China Aluminium Network (www.alu.com.cn)". We seek legal actions against anyone that disobey this. ¢ÚArticles that marked as copy from others are for transferring more information to readers, do not represent or endorse their opinions or accuracy and reliability. When other media, website or individuals copy from our website, must keep the source. Anyone that changes the articles' sources will hold the responsibilities for copyright and law problems. We also seek legal actions against anyone that disobey this. ¢ÛIf any articles copied by our website concern the copyright and other problems, please contact us within one week.