|
|
| |
|
|
Indonesia to Change Royalty Structure on Nickel Products and Bauxite-The 21st China(Guangzhou) Die-casting, Foundry & Industry Furnace Exhibition
1/3/2020 压铸展-铸造展- Die-casting expo-foundry expo |
--------------------------------------------------------------------------------------------------------------- |
|
Reuters reported that according to new government regulations, Indonesia will double royalties on sales of the nickel ore to 10% while also adjusting the charges for other minerals. The new regulations, which take effect from December 25, also include a 5% royalty on sales of nickel pig iron. Royalties for sales of ferronickel and nickel matte will be halved to 2% for each, down from 4% previously, with 2% new royalties also imposed on other nickel products, such as mixed hydroxide precipitate and nickel sulfide. Royalties on bauxite are doubled to 7%, with aluminium set lower at 2%. Mining Ministry Director of Minerals Mr Yunus Saefulhak said “The royalty tariffs on nickel needed readjustment to give more balanced rates between ore miners and those who produce refined products. The adjustment is also aimed at encouraging miners to add value to ores by imposing lower royalties for processed products.”
Indonesia is aiming to reduce its reliance on natural resources exports by building smelting industries for minerals such as nickel, bauxite and copper. It will stop exporting nickel ore from January to process it domestically.
压铸展-铸造展-2020第二十一届广州国际压铸、铸造及工业炉展览会-中国最受关注的压铸铸造展会-巨浪展览
-The 21st China(Guangzhou) Die-casting, Foundry
& Industry Furnace Exhibition
-Die-casting exhibition, Die-casting
expo,2020 Die-casting exhibition, 2020 Die-casting expo, China Die-casting
exhibition, China Die-casting expo, Foundry exhibition, Foundry expo, 2020
Foundry exhibition, 2020 Foundry expo, Industry Furnace exhibition, Industry
Furnace expo, 2020 Industry Furnace exhibition, 2020 Industry Furnace expo,
China Industry Furnace exhibition, China Industry Furnace expo
|
|
|
|
|
