Government further tightens tin export procedure
Wednesday, May 20 2015 - 01:09 AM WIB
The Ministry of Trade has issued a new regulation further tightening the export procedure of the country?s tin products in what is claimed to help curb illegal mining activities and reduce environmental damage.
The ministry said in a statement Tuesday that the new Minister of Trade Regulation No 33/M-DAG/PER/5/2015, which is a revision of Minister Regulation No 44/M-DAG/PER/7/2014, will be effective on August 1, 2015.
According to the new regulation, there are only three types of tin that can be exported, compared to four under the previous regulation, which include pure tin bars (with Sn content of at least 99.9 percent), tin solder (Sn content of 99.7 percent), and other tin products made up of tin with Sn content of 96 percent.
The export of pure tin bars will only be allowed if the raw material tin ores comes from mines whose permits have been declared as clean and clear, and the miners have already paid the required royalty to the government, the regulation said.
The regulation also stipulates that tin bars must be traded via domestic bourses, both destined for export and the domestic market.
Minister of Trade Rachmat Gobel said that the tin bar products can be either traded at the Indonesia Commodity and Derivatives Exchange, or other domestic commodity bourses.
The new regulation also transfers the authority in providing tin export recommendation letter from the provincial governor to the Ministry of Energy and Mineral Resources.
Editing by Reiner Simanjuntak