JAKARTA, June 4 (Reuters) - Indonesia will impose a 7.5%
export tax on shipments of copper concentrate, effective
immediately, a finance ministry regulation showed on Tuesday,
applicable to the two mining firms currently exempt from its ban
on raw copper exports.
Indonesia has outlawed shipments of raw copper since June
2023, but authorities have permitted Freeport Indonesia and
Amman Mineral Internasional to continue exporting
until the end of 2024 to give them more time to complete
construction of their copper smelters.
The last export permits for Freeport Indonesia and Amman
were valid until May 31. For their January-May shipments, the
government had imposed a tax ranging from 7.5% to 15%, depending
on the progress of their smelters.
Freeport and Amman did not immediately respond to requests
for comments on the tax rate and the status of their new export
permits.
On Monday, an executive with Freeport Indonesia, majority
owned by the Indonesian government but operated by U.S. miner
Freeport-McMoran ( FCX ), said the company was still waiting for
an extension of its export permit that the government had
promised.