Indonesian Political, Business & Finance News

Govt. to start verifying all mining products

| Source: NT
Exporters of all mining products will have to undergo a new verification process by government-appointed surveyors effective July 5, an official said Tuesday, The Jakarta Post reported.

Diah Maulida, the Trade Ministry's Director General for International Trade, said the process was part of a regulation put in place by the ministry to avoid the illegal export of mining commodities.

The verification process will be conducted to check data on shipments of coal, ores and concentrates of minerals classified as strategic and vital such as copper, nickel, bauxite, lead, zinc and gold.

Also included in the verification process is a check on the commodities' mining sources as well as quality and quantity.

"The regulation aims to stop the export of illegally mined products by increasing supervision on the process and to export higher quality mining products," Maulida said

She said it would also improve the accuracy of the country's export data.

At present, exporters are only required to submit export documents to the customs office.
Tags: business
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