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Berita Hari Ini Export Ban

  • Newmont Nusa Tenggara Asks for Copper Concentrate Export Permit Extension

    Copper and gold miner Newmont Nusa Tenggara, the local unit of US-based mining giant Newmont Mining Corp, requested for a new recommendation letter from Indonesia's Energy and Mineral Resources Ministry. This recommendation letter is required to extend Newmont's six-month copper concentrate export permit at the nation's Trade Ministry. This would be the fourth time Newmont's export permit is extended. Whether Indonesia's Energy and Mineral Resources Ministry issues the export recommendation letter depends on progress made with the construction of smelting facilities.

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  • New Mining Law Indonesia: Full Mineral Ore Export Ban Delayed Again?

    By September 2016 the Indonesian government plans to have revised regulations regarding exports of mineral ore, part of Law No. 4/2009 on Mineral and Coal Mining (New Mining Law). Per January 2014 mineral ore exports from Indonesia should have been banned altogether as the government aims to boost domestic smelter development and reduce the country's dependence on raw material exports. However, a last-minute regulation, signed in January 2014, softened this ban and allowed exports of copper, manganese, zinc, lead, and iron ore concentrates until 2017. Now the government may decide for a two-year delay up to 2019.

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  • Indonesia May Cancel Controversial Mineral Ore Export Ban

    The Indonesian government seems to abandon or delay its policy of banning mineral ore exports from 2017 onward. In January 2014 the ban on exports of raw minerals, part of the 2009 Mining Law, came into effect. However, due to the lack of domestic processing facilities the government allowed the resumption of certain concentrate exports (such as copper concentrate) provided the miner would be committed to the construction of smelting facilities, and pay higher taxes and royalties. The export ban was highly controversial as it conflicted with existing contracts and therefore caused outrage in Indonesia's mining industry.

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  • Indonesia's 2017 Mineral Ore Export Ban to Be Reviewed

    Again there has emerged speculation that Indonesia may not fully implement its ban on exports of concentrates (partially processed metals) in 2017. This controversial ban, part of the country's 2009 Mining Law, aims to boost domestic processing facilities and reduce the country's dependence on raw commodity exports. The ban was originally implemented in January 2014. However, as there was insufficient domestic smelting capacity full implementation would imply a huge revenue loss. Therefore, concentrate exports were allowed to resume (until 2017) provided exporters pay higher taxes, royalties and provide evidence that they are committed to develop smelters.

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  • Newsletter Indonesia Investments untuk 29 Maret 2015 Diterbitkan

    Pada tanggal 29 Maret 2015, Indonesia Investments menerbitkan newsletter edisi terbarunya. Newsletter gratis ini, yang dikirimkan setiap minggu kepada para pelanggan kami, memuat berita-berita paling penting dari Indonesia yang dilaporkan di website kami dalam tujuh hari terakhir. Kebanyakan topik membahas isu ekonomi seperti analisis performa rupiah, prediksi pertumbuhan perekonomian oleh institusi-institusi internasional, rencana pemerintah untuk merevisi pajak ekspor minyak sawit dan melonggarkan larangan ekspor bahan mineral mentah, dan banyak lagi.

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  • Indonesia Opens Room for Bauxite Export, Nickel Ore to Follow?

    Indonesian miners may be allowed to resume bauxite exports after a government official signalled that the Indonesian government is looking at relaxing its (raw) mineral export ban. This ban, implemented in January 2014, was introduced in an effort to boost domestic processing capacity, generate more revenue (by adding value to its mineral products) and enhance employment opportunities in Southeast Asia’s largest economy. However, amid the lack of domestic smelting capacity, the export ban has led to a plunge of exports.

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  • Mining News Update: Indonesia May Delay Full Mineral Ore Export Ban

    The Indonesian Ministry of Energy and Mineral Resources signaled that the government may (again) decide to postpone full implementation of its ban on exports of raw mineral ores and concentrates as the country still lacks sufficient smelting capacity to produce value-added mining products. Through this export ban, stipulated by the 2009 Mining Law, the Indonesian government aims to enhance revenue generation in the country’s natural resources sector by forcing miners to produce and export value-added products instead of raw materials.

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  • Weak Growth & Indonesia’s Export Ban Curb China’s Nickel Ore Imports

    Official data show that in 2014 China, the world’s largest consumer of industrial metals, imported the lowest amount of nickel ore since 2010. Apart from slowing economic growth in the world’s second-largest economy (China’s economic expansion having eased to 7.4 percent year-on-year in 2014), falling nickel ore imports are also caused by Indonesia’s ban on exports of unprocessed minerals (implemented in January 2014) and monsoon rains in the Philippines (limiting production and seaborne trade).

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  • Forecasts for Indonesia’s November Trade Balance & December Inflation

    The trade balance of Indonesia is expected to show another deficit in November 2014 as oil and gas imports in combination with weak commodity exports continue to plague the balance. However, Executive Director at the Economic and Monetary Policy Department of Indonesia’s central bank (Bank Indonesia) Juda Agung said that the deficit will most likely turn into a surplus soon. Still, another monthly trade deficit implies that the country’s wide current account deficit has few chances to improve markedly at the year-end.

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  • ADB: Indonesia’s Economic Growth Slows in 2014; Accelerates in 2015

    A new Asian Development Bank (ADB) report says that the Indonesian economy is expected to slow on weak export performance in 2014 before picking up in 2015 as external demand improves and the new government’s reform agenda takes hold. In an update of its Asian Development Outlook 2014, the ADB trimmed its forecast for 2014 growth in Indonesian gross domestic product (GDP) to 5.3 percent from 5.7 percent expected in April. The ADB expects a growth pace of 5.8 percent in 2015, down from 6.0 percent in April.

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Artikel Terbaru Export Ban

  • Bank Indonesia: Trade Balance of Indonesia Expected to Improve in 2014

    The central bank of Indonesia (Bank Indonesia) believes that the USD $430 million trade deficit that was recorded in January 2014 is a normal result taking into account the implementation of the ban on exports of unprocessed minerals (which reduces exports of materials such as copper and nickel) and seasonal trends as exports are always lower in January than in December due the end of winter peak demand for raw materials and ongoing contractual negotiations at the beginning of each year.

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  • Bank Indonesia: Export Ban Causes Slowing Economy Eastern Regions

    The central bank of Indonesia (Bank Indonesia) believes that Indonesia's recently introduced ban on the export of unprocessed minerals, in effect since 12 January 2014, will result in slowing economic growth in several regions in the eastern part of Indonesia as these regions are main sources of mineral production. Doddy Zulverdi, Head of the Economic Assessment Group in Bank Indonesia's Department of Economic and Monetary Policy, said that Sulawesi and Kalimantan will post slowing economic growth this year.

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  • Gain of Jakarta Composite Index Limited due to Mixed Sentiments

    Gain of Jakarta Composite Index Limited due to Mixed Sentiments

    As we have explained before, a significant amount of market participants will engage in profit taking after a day (or in this case a number of days) of gain. Mixed sentiments originating from the Asian continent, particularly Japan and China, as well as the depreciating Indonesian rupiah exchange rate contributed to the slight gain of Indonesia's benchmark index (known as the Jakarta Composite Index or IHSG). The IHSG rose 0.02 percent to 4,556.19 points on Tuesday (18/02).

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  • Indonesia's Current Account Deficit Expected to Ease Further in Q1-2014

    The current account deficit of Indonesia is expected to ease further in the first quarter of 2014 due to a possible slowdown of imports according to Deputy Finance Minister Bambang Brodjonegoro. This slowdown is estimated to be caused by the implementation of Indonesia's higher income tax on the import of durable consumer goods, effective from January 2014. However, the deficit will not ease markedly from the USD $4 billion deficit (equivalent to 1.98 percent of the country's gross domestic product) recorded in the fourth quarter of 2013.

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  • Trade Deficit of Indonesia in 2014 Expected to Remain USD $4 Billion

    Statistics Indonesia (BPS), a non-departmental government institute, expects that Indonesia's trade balance will post a deficit of around USD $4 billion in 2014. The key question is whether increased manufacturing and agricultural exports can replace reduced raw mineral exports. The forecast of BPS is approximately similar to the country's trade deficit in 2013. Last year, Southeast Asia's largest economy recorded a deficit of USD $4.06 billion as the total value of exports amounted to USD $182.57 billion, while imports reached USD $186.63 billion.

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  • Despite December Trade Surplus Indonesia Posted $4.06B Deficit in 2013

    In the last month of 2013, Indonesia's trade balance posted a surplus of USD $1.52 billion, almost twice as high as economists had previously predicted. The December surplus implied Indonesia's third consecutive monthly trade surplus and fifth monthly trade surplus in full year 2013. However, considering the whole year, the trade balance still posted a deficit of USD $4.06 billion in 2013 as the total value of exports amounted to USD $182.57 billion while imports reached USD $186.63 billion.

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  • New Mining Law of Indonesia: 3 New Smelters Ready for Production in 2014

    The BKPM announced that three processing and mineral concentrate refineries (smelters) are in the construction phase and expected to be ready for production in Indonesia this year. Two of the three smelters will process and purify iron ore while the third will process bauxite ore into chemical grade alumina. The three smelters are owned by Indonesia Chemical Alumina. This company, a joint venture between Aneka Tambang (Antam) and Japan, operates in West Kalimantan.

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  • Analyst Opinion: Bank Indonesia's Interest Rate Might Be Raised Again

    According to Fauzi Ichsan, Managing Director at Bank Standard Chartered Indonesia, there is a possibility that Indonesia's central bank (Bank Indonesia) will raise its benchmark interest rate (BI rate) from 7.50 percent to 8 percent at the next Board of Governor's Meeting as the country's current account deficit has not improved markedly yet. The deficit stood at about 3.5 percent of the country's gross domestic product (GDP) at the end of 2013. Bank Indonesia intends to lower the deficit to a sustainable level of below 3 percent in 2014.

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  • Export Ban Influence, Indonesia's Trade Balance May Record Surplus by 2017

    According to Indonesia's Finance Minister Chatib Basri, the country's trade deficit will continue between 2014 and 2016 (although expecting to show an easing trend) but will turn into a surplus from 2017 onwards. One of the most influential factors that will impact on the trade balance is Indonesia's raw ore export ban, in effect as of Sunday 12 January 2014. In the short term, this ban will limit Indonesia's exports but in the long term, from 2017 onward, it will lead to high added-value exports.

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  • Indonesia's Stock Market Continues to Rise amid Positive Global Markets

    Indonesia's Stock Market Continues to Rise amid Positive Global Markets

    Despite our concern that Indonesia's benchmark stock index (IHSG or Jakarta Composite Index) would be susceptible to profit taking after the national holiday on Tuesday (14/01) as the IHSG rose signficantly on Monday (13/01), it continued its rise on Wednesday (15/01). The IHSG was supported by positive Asian indices that were influenced by strong US and European stock markets after the release of positive economic data in the USA and Europe. The depreciating rupiah exchange rate, however, limited the IHSG's gain.

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