Indonesia curbing nickel supply to support locals, Eramet says
The French miner was this year given a sales quota by the Asian nation that was 29% less than it expected.
The draft Bill has stipulated that miners of major and minor minerals will set aside an amount equal to the royalty paid by them to states for the development of the region being mined.
“The draft Bill provides for the state government to notify and invite applications in the form of competitive offers for grant of a prospecting licence over an area where reconnaissance has been conducted,” a source, who did not wish to be identified, said.
