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Seven firms accused of illegal nickel exports

Ekonomi Budi Suyanto 01 Nov 2019 The Jakarta Post
Seven firms accused of illegal nickel exports

Seven raw nickel-exporting companies are under scrunity for allegedly violating Energy and Mineral Resources Ministerial Regulation No. 11/2019. The test are needed to determine whether the companies' nickel ore exports adhere to provisions stipulated in the 2019 regulation. The regulation only allows exports of ore with less than 1,7 percent nickel content and the export quota will only be granted to companies that are building smelters in the country. But actually, nickel ore exports skyrocketed with between 100 and 130 shipments occurring each month since September, exceeding the government's export quota.

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