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Indonesian Mining Exports Rise After Start Down

Indonesian mining exports began to rise in the second half of 2014. One reason is the start of receipt of the Law on Mineral and Coal Mining by mining entrepreneurs.

Exports in July 2014 decreased by 8% compared to the previous month to $ 14.2 billion US, which caused a decrease in the export of oil and gas by 8.6% to $ 2.5 billion, and a decline in non-oil exports by 7.9% to $ 11 , 6 billion.

The decline in non-oil exports triggered by the weakening of exports in all sectors, except mining increased 0.7% with a value of $ 1.8 billion. Some commodities have increased, such as iron and steel; and ore, crust, and metal respectively 89% and 72.1%.

The Ministry of Trade is estimated non-oil exports rose the second half of 2014 compared to the first half of non-oil export growth supported by increased exports of copper concentrate and coal.

After the issuance of the approval of the results of the processing of mining products exports to the five companies (including Freeport) on July 26, 2014, the export of copper concentrate this year expected to reach $ 2.3 billion.

The same thing is true for the estimated coal. With the issuance of regulations export coal and coal products (Minister Decree No. 39 / M-DAG / PER / 7/2014) which came into effect 1 September 2014, the value of coal exports in 2014 are expected to increase 17.19% (yoy) and the volume is expected to increase 16.52% (yoy).

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