Indonesia allows Freeport to resume copper exports for another six months

February 10, 2016

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JAKARTA – Indonesia on Wednesday granted Freeport-McMoRan a new six-month export permit for shipments from one of the world’s largest copper mines, ending a near two-week stoppage due to a dispute over payment for a new metal smelter. The deal is a relief for both sides as a lengthy halt in exports would have hit the US mining giant’s profits and denied the Indonesian government desperately needed revenue from one of its biggest taxpayers.

Category: General