Abstract
Implementation of the Indonesia raw minerals export ban and the obligation to build a smelter in Indonesia which applied by the Indonesian government through the Government Regulation No 1 Year 2014 allegedly had an impact on stock returns and trading volumes, especially stocks of metals and minerals mining subsector in Indonesia Stock Exchange (IDX). This study uses an event study to analyse if there are significant differences in the abnormal return and trading volume at the time of Government Regulation No 1 Year 2014 officially enforced and in the event of smelter investment project announcement by the issuers. The results showed that there are significant differences on abnormal return when Indonesia raw minerals export ban officially enforced, but the volume of trade does not significantly different. The same results also occurred in the event of smelter investment project announcement by the issuers.
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