On the positive side, Mining Law No.4/2009 will lead to more value-added export revenues and makes the country less susceptible to volatile global commodity prices.

It has been reported in Indonesian media that mining companies in Indonesia have already begun to lay off workers. Almost 30,000 workers have been laid off and more than 100 mining companies have temporarily stopped operations according to Poltak Sitanggang, Chairman of Apemindo (Indonesian Mineral Entrepreneurs Association).

A statement from the government is expected later today.

Further Reading:

• Indonesia Seeking Middle Way in Unprocessed Mineral Export Ban

Indonesia's Mining Export Ban Impacts on Current Account Deficit in 2014
Indonesia Might Delay Implementation of Mineral Export Ban by 3 Years
Indonesia May Review its Ban on the Export of Unprocessed Minerals
Go-Ahead for Indonesia's Controversial Ban on Unprocessed Mineral Exports
Indonesia Studying Temporary Exemption for Export of Raw Minerals
Export Ban on Unprocessed Minerals Temporarily Pressures Trade Balance