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Govt vows to become smelter helper, provide tax breaks.

Jakarta Post

| July 25, 2012 | COPYRIGHT 1999 PT Bina Media Tenggara. (Hide copyright information)Copyright

Byline: The Jakarta Post, Jakarta

Industry Minister MS Hidayat says he will ask the Finance Ministry to give tax incentives to mining companies to build power plants for their own smelters.

Speaking to reporters on Tuesday, Hidayat said it would be difficult for mining companies to build smelting plants in their mining areas due to a lack of available power.

"Smeltering plants will need massive amounts of electricity, and currently there is not enough electricity infrastructure in areas outside Java," Hidayat said.

The export of unprocessed ore will be banned starting 2014, requiring mining companies to build their own smelting plants or cooperate …

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