Indonesia’s trade ministry has granted a nineteenth tin export licence, according to a Bloomberg report today. “We gave the license to PT Belitung Industri Sejahtera on June 10,” Hartojo Agus Tjahjono, the ministry’s export director of mining and industry products, told reporters in Jakarta.
The export licensing system was introduced in February 2007, with licences granted only to companies paying royalties, meeting minimum tin metal quality standards and sourcing concentrates from legitimate mining operations.
At the end of last year 15 companies had obtained licences, with four more now joining the ministry’s approved list so far in 2008. In the 12 months to end-May 2008, 106,516 tonnes of refined tin have been checked and approved for export under the scheme.
