Quite right.
This covers RNI and HNI which operate in the IMIP, but there isn't any stainless steel production at the IWIP yet. So NPI product from ANI is unlikely to be sold domestically imo and the profits from this project could therefore be impacted by the proposed tax. That said, a 2% export tax is unlikely to break the bank when EBITDA margins are in excess of USD$5k p/t of nickel produced.
On the topic of profit margins, thermal coal prices appear to be on the rise again overnight, however it seems that 48 coal companies were just banned from exporting out of Indonesia for failing to meet their domestic market obligations. This may present an opportunity for the industrial parks to load up again on cheap coal, expanding the profit margin once more.
https://splash247.com/indonesia-dishes-out-further-coal-export-bans/
Quite right. This covers RNI and HNI which operate in the IMIP,...
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