Legitimate! Government Permits For Extension Of Concentrat Exports Until The End Of 2024

Export ships 900 thousand wet tons of copper concentrate from the Ministry of Trade (Kemendag) from July 24, 2023 to May 31, 2024. (HO-AMNT)

JAKARTA - The government provides additional export time for concentrate and anoda mud to business entities that have entered the commissioning stage in the construction of purification facilities.

The extension of the export time of concentrate and anoda mud is given until December 31, 2024. The regulation is contained in the Regulation of the Minister of Energy and Mineral Resources (Permen ESDM) Number 6 of 2024 which was promulgated on May 30, 2024.

"This rule provides an opportunity for business entities that have entered the commissioning stage in the construction of purification facilities or smelters to export anoda mud and concentrate on processing results, until December 31, 2024," said Head of the Communications, Public Information Service, and Cooperation (KLIK) Ministry of Energy and Mineral Resources Agus Cahyono Adi quoted on Saturday, June 1.

Agus said that the extension of the concentrat export time was in accordance with the direction of President Joko Widodo, who took into account the continuity of production and achievement of downstream industry so that it could contribute to economic growth.

"The granting of a concentrat export extension is needed to ensure the final completion of the construction of a purification facility to optimally produce. With a note, the extension of concentrat exports this time is accompanied by the imposition of export levies," he added.

The scope of this Ministerial Regulation regulates the opportunity to sell abroad metal minerals from processing, including copper, iron, lead, and zinc concentrates, as well as anode mud. This export extension is also in line with the completion of the construction of a domestic metal mineral refining facility which is being carried out by the Mining Business License holder (IUP) and Special Mining Business Permit (IUPK).

Parallel, with the completion of this Ministerial Regulation, is also supported by policies related to export trading procedures and the imposition of duties on concentrat metal minerals that will be sold.

"This Regulation of the Minister of Energy and Mineral Resources will be followed by a Regulation of the Minister of Trade (Permendag) which will regulate related export trading procedures, as well as the Regulation of the Minister of Finance (PMK) which will determine the fee for Exit Duty on the proceeds from the sale of these concentrates," concluded Agus.