Tony explained that currently PTFI has succeeded in downstreaming by producing 99.99 percent metal, including gold with a purity level of 99.99 percent.
"As much as possible Antam who took off our gold production," Tony told the media crew at the DPR RI Building, Wednesday, July 16.
Tony added, with Antam's role as a recipient of PTFI's gold products, his company does not need to spend additional fees for export duties if later this rule is enforced.
However, Tony still asked the government not to impose export duties because it would burden entrepreneurs.
"If, for example, there is no domestic market, then don't wear out duties. It's to protect the domestic industry," Tony added.
Furthermore, Tony said, PTFI is still exporting gold even though it has partnered with Antam as an offtaker company. The reason is, there are still products produced by PTFI with a level of gold purity below 99.99 percent.
"Now it's still being exported because there are still our products whose levels are below 99.99 percent. More than 50 percent of Antam," he said.
Previously, Minister of Energy and Mineral Resources (ESDM) Bahlil Lahadalia revealed that his party was preparing technical regulations regarding coal and gold commodity exit duties.
According to him, the Ministry of Energy and Mineral Resources opens opportunities related to the implementation of export duties starting next year.
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Bahlil explained, later if commodity prices increase, exports of these two commodities will be subject to export duties. On the other hand, if the price of gold and coal plummets, the government will waive out duties.
"If the price is good again, it's okay to share with income to the state. But if the price is not economical, then we shouldn't make it difficult for entrepreneurs," said Bahlil.
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