indonesia nickel ore exports or difficult to reach the level of 2011 and 37 million tons

indonesia nickel association (ani) shelbyihasansaleh accused the tightening of export regulations led to a severe decline in exports, and forecast full year of nickel ore exports will not reach last year's level of 37 million tons.the data of the ministry of trade, indonesia nickel ore exports from january to june totaled 19.45 million tons.according to indonesia's june report of preliminary mineral exports, copper, aluminum, nickel three commodities by the government's new export policy impact of the decline in exports.nickel exports from 2.8 million tons in may, fell to 570,000 tons, down 80% qoq.the indonesian nickel association (ani) shelbyihasansaleh accused tightening of export regulations led to a severe decline in exports.shelbyihasansaleh saidcurrent monthly only 6 ship nickel ore exports decreased significantly compared with the previous monthly shipments of 15-20 boats, 6 boat 2 boats from ptantam company mines in sulawesi takenickel ore more.indonesian ministry of energy and mines, the ministry of trade and the ministry of finance on may 6 release of the new regulations set more stringent export conditions, 65 kinds of raw materials, including nickel, including mineral impose a 20% export tax.export conditions require mining companies to operate within the scope of the mining license (iup), clean and clear tenements, to pay all tax and non-tax expenses, business plans and proposed ore processing.based on the data of the indonesian mining association (ima), only 4,151 of the 10,235 mining companies mining enterprises meet the requirements of clean and clear tenements (cnc).the executive director of the indonesian mining association syahrirabubakar new export regulations just facing an economic crisis, the decline in global commodity prices led to weak demand. clear tenements exacerbated by the impact of a 20% export tariff, resulting in a sharp decline in exports.ben article content is onlyreference and does not constitute investment advice.investors operate your own risk.

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