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Indonesia to extend copper export permits for Freeport and Amman, president says
Copper concentrate export permits for Freeport Indonesia and Amman Mineral Nusa Tenggara will be extended, Indonesian President Joko Widodo told reporters on Wednesday, adding details for the extensions are still being calculated. Freeport Indonesia and Amman are each building copper smelters, and both are expected to start operation in June. However, the companies have said it would take months to ramp up the capacity for the new smelters to be able to absorb their copper concentrate outputs. The current permits are set to expire on May 31. Widodo said the permits will be extended and the government was still ... (full story)
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- Posted: May 8, 2024 3:37am
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 217
