JAKARTA - In a bold move to ensure mining companies meet their commitments to build processing plants or smelters, Indonesia has decided to impose big fines on them, payable within a month, if they fail to make progress on construction as planned.
The fines could amount to the equivalent of 20 per cent of the value of unprocessed mineral exports - such as nickel ore, raw bauxite and copper - in the past six months.
Already a subscriber? Log in
Read the full story and more at $9.90/month
Get exclusive reports and insights with more than 500 subscriber-only articles every month
ST One Digital
$9.90/month
No contract
ST app access on 1 mobile device
Unlock these benefits
All subscriber-only content on ST app and straitstimes.com
Easy access any time via ST app on 1 mobile device
E-paper with 2-week archive so you won't miss out on content that matters to you
