Indonesia considers scrapping bauxite export ban to raise processing funds
Published: Tuesday, 24 March 2015
Indonesia may look at lifting its mineral export ban in order to provide funds for its domestic processing industry - a year after putting the ban in place to encourage investment in domestic processing. Removing the ban may raise enough funds to kickstart beneficiation in an industry that has been focused traditionally on raw materials.
Indonesia is proposing the removal of its bauxite export
ban, just over a year after it was introduced.
According to a report in the Jakarta Post, the
government’s advisory team has suggested that
lifting the ban will provide fresh funds to finance the
construction of aluminium smelters.