Indonesia to impose coal and base metals export tax next year

Note: This section contains information in English only.
Source: Commodityonline

Indonesia plans to impose export tax on coal and industrial metals next year and completely ban the commodity exports by 2014. The measure aims to stimulate minerals processing to higher value products before export thus adding to national treasury. The country is the largest exporter of coal and some of the base metals. Therefore, the ban may essentially impact the market.

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