Indonesia to launch nickel, tin online tracking system next week

Quick Summary:

JAKARTA : Indonesia will launch an online tracking system next week for nickel and tin shipments to increase government revenue and improve mining governance, a deputy coordinating minister said on Thursday.

Smelters will not be allowed to unload ore shipments from mines that have not yet paid their royalties.

It enables miners to track how much production quota a miner has left for the period and to alert authorities should there be discrepancies in output and sales data, he added.

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Article Details

Category: EconomyBusiness

Markets: SingaporeIndonesia

Topics: Mines Government Nickel Mining Shipments System Tracking Indonesia Jakarta Revenue Simbara

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-18 @ 19:00:36 (3 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 348 words

Reading Time: 2 minutes read

Sentences: 14 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Channel News Asia

News ID: 21674045

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Main Topics: EconomyBusiness

Official Website: channelnewsasia.com

Update Frequency: 47 posts per day

Year Established: 1999

Headquarters: Singapore

News Last Updated: 1 hours ago

Coverage Areas: Singapore

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Publication Timezone: GMT +8:00

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Publisher ID: #27

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