The company has told counterparties trading and procuring
copper concentrates that it expects a deal to be formalised
within a week and has begun to lock in shipment schedules.
Customers told Metal Bulletin that they have been allocated
concentrate shipments to depart Amamapare late April, meaning
deliveries should hit major ports in Japan, Korea and India in
early May. Freeport was not available to comment when contacted
by Metal Bulletin. Freeport has been locked in discussions with
Jakarta since mid-January, when its licence to export
concentrates expired, forcing it to cut production at PT
Freeport Indonesia’s (PTFI) Grasberg mine as a
result. That the company is preparing to ship tonnages from
Indonesia is the closest indication that it is...