Freeport’s Grasberg mine likely to maintain Indonesian copper exports

The Indonesian government looks set to allow US copper producer Freeport to continue exporting copper concentrates without interruption from Grasberg, the world’s third largest copper mine.

Lawmakers in the country are currently scrambling to amend regulation which at present bans all unrefined mined minerals from leaving the country after Wednesday January 11. "We are working co-operatively with government officials to ensure that our operations can continue without interruption," Freeport spokesman Eric Kinneberg said in emailed comments on Tuesday. As current laws stand, copper mining products with a minimum of 15% purity are allowed to be shipped out of Indonesia, which allows for Freeport to ship concentrates to its main customers: smelters in Japan, South Korea and India; a requirement for only refined exports would cut off these shipments. But the government is looking to amend the...

Published

Archie Hunter

January 11, 2017

14:49 GMT

London