Govt will impose quotas on tin exports

The government will impose an export quota system in order to safeguard the tin?s price above US$12,000 per ton and it will ask the mining authority (KP) holder to pay the royalty in case of illegal miners, processing and pureness, Bisnis Indonesia reported Wednesday.

Ministry of Energy and Mineral Resources?s director of development of geothermal, coal and mineral businesses Mangantar S. Marpaung said that the volume of the tin export quota will be decided jointly by the Ministry of Trade and the Ministry of Energy and Mineral Resources based on the inputs from all the stakeholders.

?The issue of volume of tin export quota will be discussed with governor, regents, heads of government agencies and trade experts so that we can control the price of tin and the state will get more income,? Marpaung said in Jakarta on Tuesday.

Marpaung said that as far as royalty is concerned, the government will ask the tin mining license holder to pay royalty on illegal mining because that illegal mining activities are taking in the area of KP holder, adding that the government so far losing $10 million per year from illegal miners. (*)