What's Happening?
Indonesia's energy ministry has endorsed Amman Mineral Internasional's request to export 480,000 dry metric tons of copper concentrate. This recommendation, valid for six months from October 31, is crucial
for Amman to obtain an export permit from the trade ministry. The company aims to resume exports, which were halted in early 2025, to prevent storage overflow and maintain mining operations. Indonesia has banned raw mineral exports since mid-2023 to boost domestic processing, but Amman was allowed to export until December 2024, pending the completion of a smelter. However, the smelter faced operational halts in July and August due to equipment damage, with repairs expected to conclude by mid-2026.
Why It's Important?
The endorsement from Indonesia's energy ministry is significant for Amman Mineral as it navigates the challenges posed by the country's export ban on raw minerals. The ability to export copper concentrate is vital for Amman to manage its storage capacity and continue operations. This development highlights the broader impact of Indonesia's policy shift towards domestic processing, affecting both local industries and international trade partners. The situation underscores the complexities faced by mining companies operating under evolving regulatory frameworks, with potential implications for global copper supply chains.
What's Next?
Amman Mineral must now apply for an export permit from the trade ministry to proceed with shipments. The company is also focused on completing repairs to its smelter, which are anticipated to finish in the first half of 2026. The outcome of these efforts will determine Amman's ability to meet export commitments and manage operational continuity. Stakeholders, including international buyers and local regulators, will be closely monitoring the situation as it unfolds.
