Indonesia to not relax mineral export ban in new stimulus policy package

      

Indonesia will not relax its ban on mineral exports in its upcoming economic stimulus policy package, the country's mining minister said on Monday. 

PHOTO: BLOOMBERG

SEP 7, 201511:27 AM

[JAKARTA] Indonesia will not relax its ban on mineral exports in its upcoming economic stimulus policy package, the country's mining minister said on Monday, referring to an earlier proposal to allow nickel and bauxite shipments to spur smelter developments.

"The risks of these incentives are bigger so the plan has been cancelled," Minister Sudirman Said told reporters, adding that risks included legal and environmental issues.

Indonesia is working on a stimulus package to spur economic growth.

REUTERS