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...