Indonesia's Supreme Court ruled that Banning on Tungsten Ore Export is Illegal

Indonesia's Supreme Court ruled that it is illegal for government to ban tungsten ore export. That means that the government is required to follow the court's decision to lift the ban on raw mineral exports, the ban on ore export in 2014 may be changed.

Mansu, a senior office of the Indonesian Chamber of Commerce and Industry said that it means that the government must draw up new mineral export regulations. "We must urge the Government to make action as soon as possible." He added. As the verdict ruled by Supreme Court, the ban on all minerals Ordinance will lose legal validity. : “Ministry of Energy and Mineral Resources no longer has the power to control mineral exports, including the approved export quota."

Indonesian government banned the export of raw ore export on ore export on May 6, 2012, in order to encourage investors in Indonesia to establish refining and processing enterprises, promote local economic development and to increase mineral value-added. Since mineral exports accounted for 12% of the Indonesian economic production. The determination for Indonesian government to promote ore processing locally should not be underestimated, the policy is unlikely to be abandoned. 

Tungsten Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
Tel.: 86 592 5129696; Fax: 86 592 5129797
Email: sales@chinatungsten.com
Tungsten News & Tungsten Prices, 3G Version: http://3g.chinatungsten.com
Tungsten News & Tungsten Prices, WML Version: http://m.chinatungsten.com

• < Prev
• Next >