Govt revises regulation on added-value of minerals
Monday, August 19 2013 - 05:51 AM WIB
The Ministry of Energy and Mineral Resources issued the second revision of Ministerial Regulation No. 20/2013 to revise regulation No.7/2012 regarding the obligation to generate added value from minerals through domestic processing and refinery.
According to a copy of the regulation obtained Monday, the revision is made as a response to last year?s verdict by the Supreme Court which annulled some articles in regulation No. 7/2012.
The revised regulation says if holders of IUP production operation and IUPK production operation could not built the required smelters, they could cooperate with other parties, whose permit should be issued by Minister, Governor and Regent or Mayor.
The previous regulation awarded the authority to issue such permit to the Director General of Mineral and Coal.
Article 21A says that the holders of IUP Production Operation and IPR could still export raw material or ores until January 12, 2014 after securing export license from the Trade Ministry.
Editing by Adianto P. Simamora