Indonesia to cut royalty for processed nickel to 2 pct -official

Valecha Engineering

22/11/2016 10:17

JAKARTA, Nov 22 (Reuters) - Indonesia will cut the royalty 
charged on sales of processed and refined nickel to 2 percent 
from 4 percent, a mining ministry official said on Tuesday, 
referring to a revision of government rules on non-tax revenue 
from the coal and minerals sector. 
    The revised regulation was currently being checked by the 
law and human rights ministry, said Coal and Minerals Director 
General Bambang Gatot, adding that royalties for other metals 
would also change under the new rules, but stopped short of 
saying when the new regulation would be released. 
    "This is for miners like Vale," Gatot said, referring to 
Indonesia's top nickel producer. 
 
 (Reporting by Wilda Asmarini; Writing by Fergus Jensen; Editing 
by Christian Schmollinger) 
 ((fergus.jensen@thomsonreuters.com; +62 21 2992 7604; Reuters 
Messaging: fergus.jensen.thomsonreuters.com@reuters.net)) 
 
Keywords: INDONESIA NICKEL/