Jakarta – The Trade Ministry has expressed its commitment to issuing the raw mineral ore export permits (SPE) for US mining giants Freeport and Newmont. Trade Minister Muhammad Lutfi, however, said Thursday, June 05, 2014, that he was still awaiting the decisions from the Energy and Mineral Resources Ministry and the Finance Ministry regarding the commodities' export duties.
According to Lutfi, his institution wants the government and miners to seal the deal immediately to maintain the present phase of productivity and step up mineral exports.
Lutfi said yesterday the meeting discussing issues on copper and gold concentrate exports had come to the final stage. He added both the government and mining companies were now in talks on the export duties.
“When everything is done, the export permit can be issued,” he said.
Earlier, the Coordinating Economic Minister Chairul Tanjung said that there were four companies, including Freeport and Newmont, who had agreed to deposit guarantee funds. He said the companies would receive relaxation on export duties at 25 percent, based on the Finance Minister's Regulation number 6/PMK.
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