Indonesia mining firms rebound on hopes mineral export ban will be eased

Wed, 08 Jan - 7:03pm

JAKARTA, Jan 8 (Reuters) - The Indonesian mining index

.JKMING rose 1.8 percent on Wednesday after the government sought to ease a looming mineral export ban.

The mining ministry proposed a regulation that would allow shipments of some mineral ore concentrates to continue until 2017. However, the proposal must be approved by the president.

News Search ID:nL3N0KI1L6

State-controlled gold miner Aneka Tambang ANTM.JK and nickel producer Vale Indonesia INCO.JK rose 1 percent each to 1,015 rupiah and 2,200 rupiah, respectively.

At 0800 GMT, the broader Jakarta Composite Index .JKSE was up 0.64 percent, while the blue-chip index was 0.8 percent higher.

(Reporting by Andjarsari Paramaditha; Editing by Supriya Kurane & Kim Coghill)

((andjarsari.p@thomsonreuters.com)(+62 21 3199 7170)(Reuters Messaging: andjarsari.p.thomsonreuters.com@thomsonreuters.net))

Keywords: MARKETS INDONESIA/

URN: 
urn:newsml:reuters.com:20140108:nL3N0KI278:3
Topics: 
CMPNY MEVN PREC MINE HOT REP RTRS MIN GDM ID BMAT ECI REGS FIN RCH MEMI STEE US STX FINS MET EMRG ASIA LEN BACT CEN MCE ASEAN STL MTAL AMERS

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