Indonesia Tightens Grip on Key Commodity Exports

Indonesia, the world’s biggest nickel producer and top coal exporter, is moving to tighten control over exports of key commodities, Indonesian President Prabowo Subianto said on Wednesday.

The government is introducing a new regulation that require state-owned enterprises approved by the cabinet to be the sole exporters of several key commodities, beginning with coal, palm oil, and ferroalloys, Subianto told Parliament.