Freeport set to pocket 6-month extension to Indonesian copper exports -govt official-Shanghai Metals Market

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Freeport set to pocket 6-month extension to Indonesian copper exports -govt official

Company News 09:15:28AM Jan 26, 2015 Source:SMM

 

Fri, 23 Jan 10:10:00 GMT
JAKARTA, Jan 23 (Reuters) - Freeport-McMoRan Inc will be issued a recommendation for the extension of its permit to export copper concentrate from Indonesia, a mining ministry official said on Friday, a day after the company announced a site for a new copper smelter.
 
"We will give a recommendation for an export permit to Freeport today, because now there is certainty on the location of their smelter," coal and minerals director general Sukhyar, who goes by one name, told reporters.
 
Freeport-McMoRan said on Thursday it has picked Gresik, East Java, as the location for its new copper smelter in Indonesia, the latest move by the Arizona-based miner to comply with an export deal with the government last year. [ID:nL1N0V135A]
 
An extension of its permit would give Freeport another six months to export copper concentrate from Indonesia.
 
The government of Southeast Asia's largest economy on Tuesday warned the Arizona-based company it could lose its permit to export from its massive mine in West Papua unless it could show progress in developing a new smelter this week. [ID:nT9N0NH03A]
 
 
(Reporting by Wilda Asmarini; Editing by Tom Hogue)
 
((fergus.jensen@thomsonreuters.com; +62 21 2992 7604; Reuters Messaging: fergus.jensen.thomsonreuters.com@reuters.net))
 
Keywords: FREEPORT INDONESIA/EXPORTS
Key Words:  FREEPORT INDONESIA  EXPORTS 

Freeport set to pocket 6-month extension to Indonesian copper exports -govt official

Company News 09:15:28AM Jan 26, 2015 Source:SMM

 

Fri, 23 Jan 10:10:00 GMT
JAKARTA, Jan 23 (Reuters) - Freeport-McMoRan Inc will be issued a recommendation for the extension of its permit to export copper concentrate from Indonesia, a mining ministry official said on Friday, a day after the company announced a site for a new copper smelter.
 
"We will give a recommendation for an export permit to Freeport today, because now there is certainty on the location of their smelter," coal and minerals director general Sukhyar, who goes by one name, told reporters.
 
Freeport-McMoRan said on Thursday it has picked Gresik, East Java, as the location for its new copper smelter in Indonesia, the latest move by the Arizona-based miner to comply with an export deal with the government last year. [ID:nL1N0V135A]
 
An extension of its permit would give Freeport another six months to export copper concentrate from Indonesia.
 
The government of Southeast Asia's largest economy on Tuesday warned the Arizona-based company it could lose its permit to export from its massive mine in West Papua unless it could show progress in developing a new smelter this week. [ID:nT9N0NH03A]
 
 
(Reporting by Wilda Asmarini; Editing by Tom Hogue)
 
((fergus.jensen@thomsonreuters.com; +62 21 2992 7604; Reuters Messaging: fergus.jensen.thomsonreuters.com@reuters.net))
 
Keywords: FREEPORT INDONESIA/EXPORTS
Key Words:  FREEPORT INDONESIA  EXPORTS