Export quota to be decided per company
Wednesday, June 13 2012 - 04:41 AM WIB
The Indonesian government has stated its plan to decide the export quota for each company that has already received mineral ore export licenses, in addition to subject them with 20 percent export tax.
Toto Rusbianto, Deputy Director of Oil Gas and Mining Product of the Ministry of Trade stated in Jakarta today that the export quota will be decided by the Ministry of the Energy and Mineral Resources, paying attention to their production output between 2009 and 2010, to be reviewed per three months.
?The quota for already operating companies will be based from production and export records made prior to 2011, between 2009 and 2010, because their record in 2011 were ?not normal?, though different calculation will be applied to newly operating companies,? he said.
Toto stated that there are only four companies that have received export license from the government, namely Freeport, Antam, PT Sebuku Iron Lateritic Ores and PT Sambas Minerals Mining.
Toto also stated that the government has appointed Sucofindo and Surveyor Indonesia as two independent surveyors to evaluate the validity of proposals submitted by each company before being allowed to conduct mineral ore exports.
A lawyer stated to Petromindo.com that recent talks with the ESDM revealed that the three months export quota will be able to be added to the next three months quota if the company failed to meet the quota in the correlated three months, as long as the quota for the whole year is not surpassed.
Editing by David Mustakim