Indonesia and Freeport Reach Agreement over New Mining Permit for Grasberg Mine

Published: Aug 29, 2017 14:57

Save

Indonesia has reached an agreement with Freeport-McMoRan Inc on Tuesday to allow the company to continue operating its Grasberg copper-gold mine in the country.

SHANGHAI, Aug. 29 (SMM) –Indonesia has reached an agreement with Freeport-McMoRan Inc on Tuesday to allow the company to continue operating its Grasberg copper-gold mine in the country.

Barclays Expects Copper Prices to Severely Soften in Late 2017

But, Freeport needs to divest 51% stake in the mine.

Copper Stocks Grow in Shanghai Bonded Zone, SMM Says

The article is edited by SMM and is provided for information purpose only. SMM assumes no liability and does not warrant the accuracy, reliability or completeness of information contained or quoted in the article, either express or implied. SMM further disclaims any liability for losses in connection with the information contained or quoted in the article.

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.

Grasberg Mine Indonesia Freeport

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

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

Related News

17 mins ago

China's Copper Cathode Imports by Trade Mode in August 2026

[Copper Cathode Customs Data] According to data from the General Administration of Customs, China imported 113,800 mt of copper cathode via Ordinary Trade in August 2026, 51,800 mt via Entrepot Trade by Customs Special Control Area, 22,600 mt via processing trade with imported materials, 16,100 mt via processing trade with supplied materials, 3,000 mt via Entry and Exit Goods in Bonded Control Areas, and 200 mt via Border Trade.

17 mins ago

1 hour ago

China's Copper Clad Laminate Customs Data in August 2026

[Copper Clad Laminate Customs Data] According to data from the General Administration of Customs, in August 2026, China's copper clad laminate (HS code: 74102110) imports were 3,448.31 mt, up 0.91% YoY and down 15.72% MoM; cumulative imports from January to August 2026 were 28,055.99 mt, up 6.11% YoY. In August 2026, China's copper clad laminate exports were 9,204.78 mt, up 9.88% YoY and up 3.36% MoM; cumulative exports from January to August 2026 were 67,195.43 mt, up 12.20% YoY.

1 hour ago

China Copper Anode Imports by Country for August

[Copper Anode Import Data] According to data from the General Administration of Customs, in August 2026, China imported 23,500 mt of copper anode from Zambia, accounting for 36.45% of total imports, down 17.56% MoM and down 17.28% YoY. Imports from the DRC totaled 14,900 mt, accounting for 23.13% of total imports, down 24.40% MoM and up 134.48% YoY. Imports from Malaysia totaled 5,400 mt, accounting for 8.38% of total imports, up 110.25% MoM and up 2,441.61% YoY.

1 hour ago