With China’s economic growth slowing to 7.3 percent year-on-year (y/y) in the third quarter of 2014, Indonesian exports will be affected as China is one of Indonesia’s most important trading partners. Prior to the release of China’s Q3-2014 GDP growth result, the outgoing government of Indonesia had already trimmed its export target for 2014 as global commodity prices have still not picked up. In fact prices of palm oil, coal, rubber, copper and iron ore have fallen in the first three quarters of 2014 according to Indonesian government data.

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Indonesia Investments has uploaded the preliminary company profile of Betonjaya Manunggal (BTON). The company, member of the Gunawan Steel Group, is an Indonesian iron and steel manufacturer, which produces steel round bars ranging from 6 mm to 12 mm with a total installed annual production capacity of 30,000 tons of round bars. In the first half of 2013, its net profit fell 34.6 percent to IDR 9.0 billion from the same period in 2012. Its sales revenue fell 32 percent (yoy) to IDR 58.9 billion.

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After the word spread that the government of Indonesia will reevaluate its export ban on mineral ore, Indonesia's Ministry of Energy and Mineral Resources announced it will soon open room for exports of iron sand (a type of sand with heavy concentrations of iron). Bambang Gatot, Director General for Coal and Minerals at the Energy Ministry, said exporters will have to pay export duties but declined to inform about the exact amount. He did say, however, that the mechanism will be similar to the export duty mechanism used for other concentrate exports (including copper) in the "post-New Mining Law era".

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The Indonesian Ministry of Energy and Mineral Resources announced that 25 miners holding a Mining Business License (Izin Usaha Pertambangan, or IUP) have finished construction of their smelters in the first half of 2014 in line with Law No. 4 of 2009 on Mineral and Coal Mining (also known as the 2009 New Mining Law), which foresees a ban on exports of unprocessed minerals. General Director at the ministry, R. Sukhyar, said that some of these 25 smelters are still in the commissioning stage, while others are already in the production stage.

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