Indonesia Imposes 7.5% Export Tax on Copper Concentrate Shipments

COPPER - JAKARTA. Indonesia will impose a 7.5% export tax on shipments of copper concentrate, effective immediately, a finance ministry regulation showed on Tuesday, applicable to the two mining firms currently exempt from its ban on raw copper exports.

Indonesia has outlawed shipments of raw copper since June 2023, but authorities have permitted Freeport Indonesia and Amman Mineral Internasional to continue exporting until the end of 2024 to give them more time to complete construction of their copper smelters.