Indonesia to Punish Illegal Exporters-Shanghai Metals Market

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Indonesia to Punish Illegal Exporters

SMM Insight 05:42:14PM Apr 11, 2013 Source:SMM

SHANGHAI, Apr. 11 (SMM) – It was reported that the Indonesian government will allow raw ore exports for IUP and work contract holders that have begun building smelting facilities in the country. Meanwhile, enterprises who export without building smelting facilities will be punished. One-decade imprisonment, up to IDR 100 million fines and revocation of business licenses will be imposed on violators, starting in 2014.  

 

Key Words:  Indonesia   raw ore exports 

Indonesia to Punish Illegal Exporters

SMM Insight 05:42:14PM Apr 11, 2013 Source:SMM

SHANGHAI, Apr. 11 (SMM) – It was reported that the Indonesian government will allow raw ore exports for IUP and work contract holders that have begun building smelting facilities in the country. Meanwhile, enterprises who export without building smelting facilities will be punished. One-decade imprisonment, up to IDR 100 million fines and revocation of business licenses will be imposed on violators, starting in 2014.  

 

Key Words:  Indonesia   raw ore exports