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Tuesday, 14 July 2015 - 14:07 WIB

Export Levy of Freeport Indonesia Down 5%

Freeport mining area (Jubi)

Freeport mining area (Jubi)

Freeport mining area (Jubi)

Freeport mining area (Jubi)

Jakarta, Jubi – Levies from exports of concentrate by PT Freeport Indonesia will drop to 5 percent following the progress of the construction of mineral processing and refining facilities, or a smelter, which has reached 13.46%.

Currently PT. Freeport pays 7.5 percent in export duty to the government.

A Finance Ministry regulation on export duties and tariff stipulates an export of 7.5 percent applies to construction or investment funds absorption for a smelter at between 0 to 7.5 percent.

Once the project is 7.5 to 30 percent completed, the export tax will be reduced to 5 percent. While the progress of the construction of more than 30 percent is eligible for zero percent tax duty.

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Head of public communication of Energy and Mineral Resources Ministry (ESDM), Dadan Kusdiana said progress is being studied by smelter Freeport technical team. He could not confirm whether the duties paid Freeport fell to 5 percent due to the progress of the construction of smelter in the category of 7.5% -30%. ” Basically it should be according to the rules. Later we’ll see what the results of the evaluation of technical team, ” Dadan said last week.

Freeport will build a smelter in Gresik, East Java, with a capacity of raw materials reached 2 million tons of copper concentrate. The investment is US $ 2.3 billion. (*/Tina)

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