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Friday, 27 December 13
THE EXPORT OF UNPROCESSED MINERALS WOULD NOT BE ALLOWED AFTER 12 JAN 2014 - INDONESIAN ENERGY MINISTER


COALspot.com: The government of Indonesia will implement Law No. 4 of 2009 on Mineral and Coal in full and consistently by January 12, 2014, said, minister of Energy and Mineral Resources Jero Wacik, as quoted by Tempo.co an on-line portal in Indonesia.

The export of raw or unprocessed minerals would not be allowed by next year, government was firm on its decision. "The companies that have not processed minerals domestically can no longer allowed export of minerals as raw minerals," said Jero during coordination meetings with the Coordinating Minister for the Economy Hatta Rajasa in Jakarta, today, the on-line portal further said.

The companies, which processing their raw minerals in the country will be further regulated by the new government regulations soon. The regulation will be issued prior to January 12, 2014, minister further said.

"The government is committed to implement the Mining Law," Jero said.

The government proposal to revise or renegotiate the contractors of work agreement has been agreed fully by three contracts of work holders, out of a total of 36 contracts of works contractors operating the in the country. The rest of the companies have agreed part of proposal and negotiation is still going on, the portal reported.

In the meantime, 5 CCoW holders (coal miners) have agreed government proposal in full and 67 CCoW holders have agreed partly and 2 CCoW holders were not agreed yet.

Around 74 CCoW (PKP2B) holders are currently operating in the country.



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