Reuters reported that as a result of Indonesia’s planned ban on the export of unprocessed ore, Ibris Nickel Pte Ltd. has paused operations at its nickel mine in the country. Ibris is Indonesia’s third-largest nickel miner and the first to announce a halt in operations due to the ban.
As quoted in the market news:
Almost all miners are taking a “wait-and-see” approach to the ore ban, Chief Operating Officer Agus Suhartono told Reuters, adding that the government had not provided any clarification of planned new processing requirements due to take effect on Sunday.
‘If we are in production but we don’t know how this will pan out, we need to be very careful,’ Suhartono said. ‘It’s a last-minute call.’