CORRECT – The Indonesian official refuses to be drawn to the fact that the export ban on minerals can be carried forward


(Corrects the title, first paragraph in the mineral, not in the iron ore)

JAKARTA, August 5 (Reuters) – A senior official of the Indonesian ministry of mines said on Monday that it would not speculate that the government could introduce a ban on mineral exports since 2022.

The ban aims to make the miners work minerals in Indonesia, a major exporter of nickel ore. On Monday, there was talk in the metal market that the ban could be anticipated, sending nickel prices to a maximum of four years on the Shanghai Futures Exchange and a maximum of two weeks to $ 14,930 per ton on the London Metal Exchange.

"I don't want to speculate about it," said Bambang Gatot Ariyono, general manager of the mines mines and coal mines, when asked if there were plans to change the legislation to ban exports.

According to a 2017 mining regulation, Indonesia should stop allowing the export of unprocessed minerals starting January 12, 2022, after allowing miners a five-year period to build foundries on land.

"Until there is no new regulation, the current one remains in force," Ariyono said.

Last month Ariyono said that by 2022 the Indonesian authorities would have imposed a ban on exporting the exports of raw minerals to make the miners work minerals in the country. (Reporting by Bernadette Christina Munthe Writing by Fransiska Nangoy Editing by Ed Davies and Susan Fenton)

.. (t) Mining (t) Asia / Pacific (t) Metal Markets (t) Important News (t) Metals and Mining Activity (TRBC) (t) Mineral Resources (TRBC) (t) Regulation (t) Countries of ASEAN (t) Indonesia (t) Emerging market countries


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