Bloomberg News

Indonesia Sets June Base Price for Metal Ore Exports

June 04, 2012

Indonesia, Southeast Asia’s largest economy, set the base price for exports of 32 types of metal ores in June including nickel, bauxite and copper, according to a trade ministry regulation.

The export tax and base prices also cover 44 non-metal minerals including quartz and diamond, according to the rule. The base price is used for calculating export levy.

The following table shows base prices as stated in the decree signed May 28 by Deddy Saleh, director general of foreign trade at the Trade Ministry. The tax rates are taken from separate rule from the Finance Ministry. Base prices are in dollars per metric ton.

=============================================================
Metal Ores & Concentrates          Tax Rates      Base Price
=============================================================
Unprocessed Iron Pyrites              20%            $264.00
Unagglomerated Iron Ores:
* Fe less than or as much as 51.99%   20%             $34.00
* Fe 52% to 56.99%                    20%             $43.07
* Fe 57% to 60.99%                    20%             $78.10
* Fe 61% and higher                   20%            $119.00
Agglomerated Iron Ores                20%            $147.40
Roasted Iron Pyrites                  20%            $101.50
Manganese:
* Mn less than 40%                    20%            $136.50
* Mn 40% to 45%                       20%            $184.80
* Mn 45% to 48%                       20%            $211.50
* Mn 48% and higher                   20%            $225.60
Copper                                20%          $2,165.00
Nickel:
* Ni less than 1.5%                   20%             $15.80
* Ni 1.5% to 1.8%                     20%             $25.14
* Ni 1.8% to 2%                       20%             $32.69
* Ni 2% and higher                    20%             $41.52
Cobalt                                20%          $2,180.50
Bauxite
*Al2O3 as much as 46%                 20%            $15.36
*Al2O3 47% to 50%                     20%            $17.46
*Al2O3 51% and higher                 20%            $17.91
Lead                                  20%           $300.00
Zinc                                  20%           $430.00
Chromium                              20%           $280.50
Processed Molybdenum                  20%        $18,146.20
Other Molybdenum                      20%        $10,410.10
Ilmenite                              20%           $280.00
Titanium                              20%           $285.20
Zirconium                             20%         $1,552.20
Silver                                20%         $2,234.80
Gold                                  20%         $2,827.50
Platinum Group Metal                  20%         $2,827.50
Antimony                              20%         $2,921.10
=============================================================
Source: Finance Ministry, Trade Ministry

To contact the reporter on this story: Eko Listiyorini in Jakarta at elistiyorini@bloomberg.net

To contact the editor responsible for this story: James Poole at jpoole4@bloomberg.net


Race, Class, and the Future of Ferguson
LIMITED-TIME OFFER SUBSCRIBE NOW

(enter your email)
(enter up to 5 email addresses, separated by commas)

Max 250 characters

 
blog comments powered by Disqus