Indonesia's next leader unlikely to ease tough mineral export rules


  • World
  • Wednesday, 12 Mar 2014

JAKARTA (Reuters) - Indonesia's next president is unlikely to make major changes to the country's controversial mining rules, after major political parties backed an export ban that has led miners to halt $6 billion in annual mineral exports.

The broad political support will disappoint miners, like Freeport-McMoRan Copper & Gold, Newmont Mining Corp, that may have been hoping the tough new rules were only temporary measures imposed by a lame duck administration.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In World

Spanish PM Sanchez shocks country again putting his continuity on the line
U.S. researchers reveal potential treatment pathway for neurodevelopmental disorder
Boeing reports net loss, revenue decrease in first quarter
U.S. stocks close mixed
Algeria, Qatar to establish 3.5 bln USD worth milk powder production project
CIIE promotion event held in Egyptian capital
Crude futures settle lower
KPMG hires ex-prisoners with support of UK gov't
U.S. dollar ticks up
UNICEF supports vaccination of over 460,000 children in Libya in 2023

Others Also Read