Freeport to Slash Copper Output in Indonesia on Export Permit Issue

Published: Feb 6, 2017 11:24

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Freeport-McMoRan Inc said last Friday it will slash output in Indonesia if it fails to gain a new export permit before mid-February, according to wenhua.com.

SHANGHAI, Feb. 6 (SMM) - Freeport-McMoRan Inc said last Friday it will slash output in Indonesia if it fails to gain a new export permit before mid-February, according to wenhua.com.

Freeport is now under negotiation with Indonesia government on export issue. The company’s copper concentrate exports were suspended January 12.

It will cut production at Grasberg copper mine if its copper concentrate exports are still forbidden.

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