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Indonesia, Freeport confident export permit issue will be resolved

Indonesia’s mining minister and Freeport McMoRan expressed confidence on Wednesday that the two sides will find common ground to enable the US mining giant to continue shipping copper concentrate for at least another six months. Freeport’s current six-month export permit is due to expire on Thursday. The government has said it would not be renewed unless the company puts up a $530-million deposit for a new smelter.