BALI, Indonesia -- Indonesia's government on Wednesday defended the country's plan to hike mineral royalties, arguing the policy that has attracted widespread criticism from industry will "benefit" Southeast Asia's largest economy.
Commodities
Indonesia defends higher mineral royalties from industry criticism
Officials say new regime will give 'optimum benefits' to region's largest economy
Dump trucks at a nickel mine in South Sulawesi, Indonesia, operated by Vale Indonesia. Many industry executives are opposed to a government decision to increase royalties on minerals. © AP
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