The 17th International Mining and Minerals Recovery Exhibition and Conference organised by PT PAMERINDO INDONESIA, is held sucessfully in 9-12 Septmember. Being a leading company in heavy Industrial processing, Engineering Stone crushing and Construction Sand Making in China , Shanghai Shanghai Exceed Industry Machinecry Co, Ltd is invited to participate in this big exhibition, our group is constituted of excellent international trade members and best technologists.
Indonesia is a dynamic market and has been attracting foreign investment constantly. Since 2009, Indonesia’s GDP has maintained 6% growth every year, per capita income has doubled over five years ago. Now, Indonesia has become the sixteenth largest economy and largest exporter of thermal coal and refined tin in the world.This blowout growth in mining attributes to more than 100 newly increased coal mines over the past 10 years in indonesia.In addition, there are many different types of resources in Indonesia, for example, oil, tin, nickel, copper, coal, gold and silver.
In addition, Indonesia has issues new policies in mining which have caused a dampening effect on foreign investment in the resources sector. These are:
1) export of unprocessed minerals after 12 January 2014 is prohibited, requiring mining companies to process and refine their product in Indonesia;
2) accelerated divestment requirement, under which foreign shareholders in companies holding a mining production permit are required to divest shares to achieve majority Indonesian ownership within 10 years from the commencement of commercial production. Thus, Indonesia will be a huge potential market for mineral processing companies.
Shanghai Exceed has been committed to increasing the mining processing equipment market entry in indonesia, and provide the best products and services to indonesia customers. In the future, we will continue to promote cooperation with Indonesia customers.
See you 2017 Mining Indonesia!