RI Govt to discuss with Philippine on mineral ore processing

Vice Minister of Trade Dr. Bayu Krisnamurthi exposed his agenda to the press on Friday about going to Philippine

next week on unspecified date aimed to discuss the added-value of mineral ores.

“We haven’t figured on what this partnership is heading to. One thing is clear that we are going to encourage the mineral ores value-adding prior to export,” said Bayu.

“Indonesia and Philippine have the similar perspective with Philippine in terms of making policies that more benefitting the small-scale mineral mining companies especially those producing nickel,” he added without furthermore informing whether the talk will cover all mineral products or merely nickel. This visit will be in the same package of agenda to also promote the seeweed export and investment expansion for Indonesian palm firm owners in that neighbour country. 

As cited from http://www.metalbulletin.com dated September 04, a Philippine senator has introduced a bill in the congress calling for the mandatory domestic processing of all mineral ores. The senator has filed a bill calling for a halt to exports of unprocessed mineral ores. If passed into law, the bill would require domestic processing of all minerals extracted in the country prior to export. The ban would be similar to the one introduced by Indonesia at the start of the year (Law of the Republic of Indonesia Number 4 of 2009 concerning Mineral and Coal Mining or more well-known as Mineral and Coal Law). The Indonesian ban led to a dramatic rally in nickel prices and lower exports of other ores.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s