Indonesia to allow Freeport to resume copper concentrate exports-official

JAKARTA, July 24 Wed Jul 23, 2014 11:47pm EDT

JAKARTA, July 24 (Reuters) - Indonesia is expected to issue U.S. mining giant Freeport-McMoRan Copper & Gold with a government permit to resume exporting copper concentrates in one or two weeks, a mining ministry official said on Thursday.

While Indonesia is close to a deal with Freeport, there has been no progress in talks between the outgoing government and U.S. miner Newmont Mining Corp, which has filed for international arbitration over the country's mineral export tax.

"The government's position is we will face them in court," said Sukhyar, director general of coal and minerals at the mining ministry. (Reporting by Fergus Jensen; Writing by Randy Fabi)

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.