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Indonesia president signs mineral export rule, details unclear

Published on Jan 12, 2014 1:01 AM
Stockpiles of nickel ore await shipment at a port in a nickel-mining area in Indonesia's central Sulawesi in this July 8, 2012 file photo. -- FILE PHOTO: REUTERS

JAKARTA (REUTERS) - Indonesia's president signed a regulation implementing a mineral ore export ban that comes into effect on Sunday, but details will not be released until later, said the energy and mines minister.

"The president has signed a government regulation to implement the 2009 law on the mineral export ban ... the details of the concentrates will be announced later," said Energy and Mines Minister Jero Wacik after a marathon late night meeting with the president and other cabinet ministers.

"Starting at midnight on January 12, 2014, raw ore will definitely not be exported."