A worker poses with a handful of nickel ore at the nickel mining factory of PT Vale Tbk, near Sorowako, Indonesia's Sulawesi - Reuters Photo.
JAKARTA: Russia's two metal giants have emerged as big winners from Indonesia's new mining law, after leading a drive to get Jakarta to stick to its controversial mineral ore export ban in the face of opposition from miners and Asian buyers.
The halting of US$3bil of annual nickel ore and bauxite exports has already lifted the price of nickel and helped support aluminum, boosting the fortunes of Rusal and Norilsk, the world's top aluminum and nickel producers, respectively.
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