PT Newmont Granted Indonesian Ore Export Permit

Indonesian copper and gold mining company PT Newmont Nusa Tenggara (PTNNT) has announced plans to resume copper concentrate shipments this week after receipt of an export permit. The company notes that it has been preparing to resume exports since signing of an MoU with the Indonesian government in early September. With this export permit, PTNNT notes that it is working with … [Read more...]

Freeport to Defer Indonesian Copper Exports Amid Permit Delay

Jan. 22 (Bloomberg) -- Freeport-McMoRan Copper & Gold Inc., the largest publicly traded copper producer, will defer the equivalent of about a 10th of monthly sales of the metal until delays related to new Indonesian export regulations are resolved. Freeport hasn’t received administrative approvals for 2014 exports from its Grasberg copper and gold mine in the Southeast … [Read more...]