Home / Metal News / Copper / Freeport Indonesia expects dispute over concentration exports ban
Freeport Indonesia expects dispute over concentration exports ban
Feb 22,2017 09:08CST
industry news
Freeport Indonesia expects a disagreement about the ban on concentrate exports from its Grasberg copper mine to be resolved but reserves the right to commence arbitration to enforce its contract and s

INDONESIA February 21 2017 12:35 PM

JAKARTA (Scrap Register): Freeport Indonesia expects a disagreement about the ban on concentrate exports from its Grasberg copper mine to be resolved but reserves the right to commence arbitration to enforce its contract and seek damages, Platts reported.

In order to encourage the construction of smelting and refining operations the Indonesian government banned the concentrate exports in mid January.

It is feared that this move could decrease the production at its Grasberg copper mine by up to 40%. Grasberg's copper production totaled 1.06 million mt in 2016.

Copper prices
SHFE copper prices
LME copper prices

For queries, please contact Frank LIU at liuxiaolei@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Related news