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Nickel Mines Advises on Indonesian Nickel Export Tax Rumours

20 Sep 2021  |  09:23:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Indonesian Nickel Export Tax Rumours

Nickel Mines advised on indonesian nickel export tax rumours. The Indonesian Investment Minister was reported as suggesting that Indonesia is exploring the possibility of levying an export tax on nickel products with less than 70% nickel content. The Company acknowledges the uncertainty these comments may have created amongst its various stakeholders. President Jokowi issued Presidential Regulation 68 of 2021 which requires that certain proposed Ministerial Regulations that are contrary to, or may have a negative impact on Government policy as it relates to the National Development Plan or State finances, must be submitted in draft to the Cabinet Secretary for review.

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