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Indonesia Bans Mineral Ore Exports, All Eyes on Nickel Impact

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13 January 2014 12:46 WIB

A worker holds a pipe at Mobi Jaya Persada's nickel mining area, Dampala village in Marowali, central Sulawesi (12/1). Hundreds of small Indonesian mines, like nickel miner Mobi Jaya Persada, are preparing for the worst after the government imposed a controversial mineral export ban on Sunday that could force them to close down. REUTERS/Yusuf Ahmad

13 Januari 2014 00:00 WIB

An excavator digs for nickel ore at Mobi Jaya Persada's mining area, Dampala, Marowali, central Sulawesi (12/1). Mobi Jaya Presada, which contributes to Indonesia being the world's biggest exporter of nickel ore that is used in stainless steel production, has already laid off half of its 100 employees ahead of the ban coming into force. REUTERS/Yusuf Ahmad

13 Januari 2014 00:00 WIB

Stockpiles of nickel ore waiting to be shipped on a port in Sulawesi. REUTERS/Fergus Jensen

13 Januari 2014 00:00 WIB

File, Stockpiles of nickel ore await shipment at the port in Pomala, Southeast Sulawesi province. Indonesia banned all mineral ore exports, as expected, on January 12, 2014, but will likely allow U.S. mining giants Freeport McMoRan Copper and Gold and Newmont Mining Corp to continue to ship billions of dollars worth of copper overseas. REUTERS/Yusuf Ahmad

13 Januari 2014 00:00 WIB

A worker smokes during a break at a makeshift shelter of Mobi Jaya Persada's nickel mining area, Marowali, central Sulawesi province(12/1). Hundreds of small Indonesian mines, like nickel miner Mobi Jaya Persada, are preparing for the worst after the government imposed a controversial mineral export ban on Sunday that could force them to close down. REUTERS/Yusuf Ahmad

13 Januari 2014 00:00 WIB

A worker smokes during a break at a makeshift shelter of Mobi Jaya Persada's nickel mining area, Marowali, central Sulawesi province (12/1). Mobi Jaya Presada, which contributes to Indonesia being the world's biggest exporter of nickel ore that is used in stainless steel production, has already laid off half of its 100 employees ahead of the ban coming into force. REUTERS/Yusuf Ahmad

13 Januari 2014 00:00 WIB