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Indonesia eyes end to Freeport McMoRan contract talks by June

Published 01/11/2018, 07:54 AM
© Reuters.  Indonesia eyes end to Freeport McMoRan contract talks by June
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  • Indonesia's government hopes to finalize contract talks with Freeport McMoRan (NYSE:FCX) over the Grasberg copper mine by June, although divestment issues are still unresolved, according to a mining ministry official.
  • Other issues under consideration include the development of another domestic copper smelter, an investment stability agreement and the extension of FCX’s operations up to 2041, the official says.
  • Also, FCX exported 921K metric tons of copper concentrate from Indonesia in 2017 and has a quota to ship up to 1.1M tons through to Feb. 16, according to the official, adding that the company has not yet applied for any new quota.
  • Now read: 3 Reasons To Buy Freeport-McMoRan


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