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Reuters reported that Indonesia expects its nickel smelter, which is being constructed in Central Sulawesi, will start operations towards the end of 2014. The Indonesian government announced that it will no longer allow unprocessed mineral exports after January 2014, a rule that has been heavily criticized by miners who believe smelters are not viable for all metal ores that the country exports.
Reuters reported that Indonesia expects its nickel smelter, which is being constructed in Central Sulawesi, will start operations towards the end of 2014. The Indonesian government announced that it will no longer allow unprocessed mineral exports after January 2014, a rule that has been heavily criticized by miners who believe smelters are not viable for all metal ores that the country exports.
As quoted in the market news:
The first stage of the smelter being built by SMI, a joint venture between Indonesia’s PT Bintang Delapan Group and China’s Tsingshan Group, is 30 percent complete, the ministry said in a statement, quoting Alexander Barus, Vice President Director of PT Bintang Delapan Mineral.
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