Newmont Indonesia gets all-clear for copper concentrate export

Copper and gold mine Newmont Corp's Indonesian has secured clearance to export copper ore concentrate, a senior government official said.

"Newmont Nusa Tenggara has also obtained an export permit for copper concentrate," Deddy Saleh, director general of foreign trade told reporters as quoted by Reuters.com.

The government requires all miners to submit plans to build smelters to increase add value to the country's mining sector ahead of a 2014 ban on raw mineral exports.

The government also imposes a 20 percent export duty on ore exports.(*)