Indonesia gives up ban on export of raw minerals

  Mineral extraction

Faced with pressure from Companies mining, Indonesia has lowered the export ban minerals rough, one hour before the entry into force of the law, last Sunday, January 12. President Susilo Bambang Yudhoyono signed a new regulation before midnight on Saturday that removes some of its substance from the moratorium that Jakarta intended to impose.

Since 2009, the government had adopted a law that required Companies mining to prepare for a total export ban on all types of mineral stupid.

This regulation was born in the context of a rise in "resource nationalism", the immense archipelago wanted to take advantage of its great wealth in natural resources.

Specifically, Indonesia It is the world's leading exporter of nickel, tin, and coal, and has one of the largest copper and gold mines in the world, in terms of exploitable reserves, which belong to the American Freeport in Grasberg.

The archipelago thus intended to restrict Companies mining refined in situ, in order to increase the economy of the country, where half of the población he lives on less than $ 2 a day.

More information - Africa struggles to recover its natural resources


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