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Indonesia commodity export policy turnaround rattles miners

The surprise rule changes allow exports of excess nickel ore and bauxite by miners building processing plants in the country

Jakarta will allow shipments of ore with nickel content less than 1.7 per cent. Shipments will be linked to the progress of smelter projects which must be completed within five years.


INDONESIA rewrote its mineral export rules in a surprise shift of policy that rattled mining companies from the US to Japan and sent copper prices to the highest in a month.

Nickel producers from Sumitomo Metal Mining Co to Nickel Asia Corp tumbled after South-east Asia's...

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