Tag Archive: For the Government of Indonesia undo ore export ban

2016 global mining industry news 1

Indian government intends to auction 100 mining concessions

According to Indian media, “Economic Times” reported on February 24, by the Geological Survey of India Inquiry Commission, the Indian Ministry of Mines proposed auction of mining rights 100, including 19 gold mines, three diamond mines and eight iron ore. It reported that the mine located in 22 states, each with an area of 100 square kilometers are.
Currently Indian mineral resources exploitation rate is only 10%, the Indian government intends as soon as possible to provide more effective policy support to the mining industry through the exploitation of mineral resources bill. It is reported that the auction will not be limited Indian companies to participate.

For the Government of Indonesia undo ore export ban

According to the February 25 “Indonesia International Daily” news, a few days ago the Indonesian government and the Congress is brewing amend Decree No. 4 of 2009 concerning Mineral and Coal, want to revoke the ban on ore exports. Indonesia’s Energy and Mineral Resources Ministry of Public Communication Director Suchanek Te Mike said that given the current market situation minerals, energy and desire to reopen the Ministry of Mines ore export channels. Currently, in the global market, almost all of the general decline in commodity prices, resulting in the company’s financial difficulties many mining occurs, resulting in not enough money to build the processing and smelter. Meanwhile, the Indonesian government must save the domestic mining companies from collapse. If for ore export ban caused by mining enterprises have ceased production, the number of unemployed will increase. In addition, the government also needs to earn income from the mining sector, therefore, ore export ban to be relaxed. Su also said that the current government is also research which mineral ore can be exported and which can not. Indonesian Some MPs also agreed to revoke the ban on ore exports.