Feb 25,2011 08:08:09
The Indonesian Government will clear the bulk coal backlogs at its ports in the next three months, as the re-application process for exporters has been completed.
A change in Indonesia coal and mining laws requiring cargoes to undergo extra surveys to stop tax evasion halted the shipment of 3.5 million tons of coal due for export to China and India, reports Reuters.
Indonesia trade ministry mining exports unit head Junaedi, who only has one name, told Reuters that out of 320 firms that have submitted applications to resume export, the government has given approval to 81.
However the backlog of cargoes remains, with some shippers still waiting for export permits from the energy ministry. (sourced:Reuters)
Tags:tax evasion,China, India, export permit, raw material,
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