Freeport, PT Amman Pay Rp2.5tn in Export Duty on Concentrates

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  • TEMPO.CO, Jakarta - Heru Pambudi, Director General of Customs and Excise, the Finance Ministry, said that PT Freeport Indonesia and PT Amman Mineral Nusa Tenggara in 2016 paid Rp2.5 trillion (USD187,716,000) in export duty on mineral concentrates.

    Heru elaborated that PT Freeport paid Rp1.23 trillion (USD92,356,272), whilst PT Amman Mineral Nusa paid Rp1.25 trillion (USD93,858,000).

    The office still awaits Energy Ministry confirmation on concentrate export regulations, including on proposed 10 percent export duty, before it can calculate the revenue from concentrate exports for 2017.

    Energy Minister Ignasius Jonan had earlier proposed 10 percent duty on concentrate export.

    The government has issued Government Regulation No. 1/2017 on the Fourth Revision to Government Regulation No. 23/2010 on Mineral and Coal Mining. As such, mining corporations will be allowed to continue to export mineral concentrates. They, however, need to make the switch from their current contract of work to special mining permit (IUPK).

    At present, a 5 percent duty is imposed on concentrate exports. The new tariff will be proposed to and evaluated by the Finance Minister.

    ANTARA