Reuters reported that Indonesia expects its nickel smelter, which is being constructed in Central Sulawesi, will start operations towards the end of 2014. The Indonesian government announced that it will no longer allow unprocessed mineral exports after January 2014, a rule that has been heavily criticized by miners who believe smelters are not viable for all metal ores that the country exports.
Articles Tagged "indonesia"
Bloomberg reported that PT Weda Bay Nickel, a unit of Eramet SA (ERA), which is in negotiation with the Indonesian government to set up a $5B nickel mine and smelter, agreed on four points in a government review of the mining contract.
Mining Weekly reported that Indonesia saw improved nickel ore exports in October as China stocked up its supplies for the winter and 74 nickel-mining companies again took up production after meeting new government rules.
Bloomberg reported an Indonesian Supreme Court ruling will maintain a tight nickel ore export law.
Reuters reported Indonesia will review its raw mineral ore export ban following a supreme court ruling upholding a challenge against the government ban.
Reuters reported Indonesia has started production at its first nickel pig iron smelter has begun initial production of about 1,000 tonnes of ingots a day.
Reuters reported new mining laws going into effect in Indonesia are likely to harm the nickel industry as explorers are restricted.
Kobex Minerals Inc. (TSXV:KXM,NYSE:KXM) announced a memorandum of understanding to acquire an 85% indirect interest in a nickel laterite property in Indonesia.
CNBC reported Indonesia wants miners with long-term contracts to hike export royalty payments to 10 percent in renegotiated deals, a deputy minister said on Friday.
Reuters reported Japan's nickel imports from Indonesia surged in July from the year before due to the arrival of cargoes delayed after Jakarta imposed new mining regulations.