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Indonesia sets price floor for nickel ore to protect small miners

Thejakartapost - The government has put a floor under the price of nickel ore to protect small miners amid Indonesia’s aggressive efforts to develop downstream mining industries.

Energy and Mineral Resources Ministry Regulation No. 11/2020 mandates using Indonesia’s monthly mineral ore benchmark price (HPM) – previously used to calculate mining royalties – as a price floor for transactions. The regulation was issued on April 14 and is to take effect on May 13.

Ministry spokesman Agung Pribadi told The Jakarta Post on Friday (24/4) that the regulation was meant to “ensure nickel sales complied with market prices, so that miners, particularly nickel miners, were guaranteed fair prices.”

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