New legislation on Indonesia's mineral exports goes into effect
The much anticipated ban on Indonesian export of mineral ores went into effect on 12 January 2014 and as a consequence the export of nickel ore and bauxite is now prohibited. Copper, iron ore and other ores are exempt from the ban but are subject to punitive export taxes starting at 20% (25% for copper) this year and increasing to 60% during the second half of 2016.
Table of contents
Nickel – full ban with likely impact from 2015
Bauxite – limited impact on China in the near term
Copper – exempt from ban, but threatened by new export tax