Beijing time on January 12th afternoon news, local time on January 12, the Indonesian government announced a ban on ore export trade,48.3mm×3.5mm hot dip galvanized erw scaffolding pipe but it will allow the United States Freeport MaiKeMo Aaron Copper and Gold mine company (Freeport McMoRan Copper & Gold) and Newmont Mining company (Newmont Mining, Corp) such as enterprises continue to operate from Copper exports to overseas business in Indonesia.Indonesia is the world's largest nickel ore, refined tin and thermal coal export countries, the country is the world's fifth largest copper producer, moreover ChuYouLiang gold mineral Indonesia also quite rich.
The ban of the Indonesian government to force the mining companies in Indonesia for ore mining and processing,seamless carbon steel tube api 5l gr.b to bring the country's long-term returns.However, Indonesia officials are worried that the implementation of the iron ore export ban to make short-term overseas tax cuts, the Indonesia's current account deficit will be further expanded, and the happening of this kind of phenomenon will to Indonesia the confidence of investors and down the country's currency value maintained a heavy blow.
Energy and mineral resources minister of Indonesia zhe luo - watts grams (Jero Wacik) in an interview with reporters,carbon black steel pipes fittings tee weight said: "since January 12, 2014, local time, Indonesia will be stopped exports of domestic ore resources."Before this tile g with Indonesian President and cabinet members had marathon a meeting to discuss this problem.
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