Freeport-McMoRan Inc (FCX.N)
|Market Cap (Mil.):||$39,460.74|
|Shares Outstanding (Mil.):||1,038.71|
(Rewrites throughout to add details on royalties, export tax)
JAKARTA, July 25 - Freeport McMoRan Inc has obtained a permit to resume exports of copper concentrate from Indonesia after a six-month stoppage, the head of its Indonesian unit told Reuters late on Friday.
JAKARTA - Freeport-McMoRan Inc and the Indonesian government on Friday reached a deal over a contract dispute that should pave the way for a resumption of the U.S. company's copper exports after a six-month halt.
* Smelters expect TC/RCs to rise to $110/11 cts on Freeport export restart
JAKARTA - Indonesia expects to sign a memorandum of understanding with Freeport-McMoRan Copper & Gold Inc on Friday that would allow it to ship 756,000 tonnes of copper concentrate in the second half of the year, Coal and Minerals Director-General Sukhyar said.
JAKARTA, July 25 - Indonesia expects to sign a memorandum of understanding with Freeport-McMoRan Copper & Gold Inc on Friday that would allow it to ship 756,000 tonnes of copper concentrate in the second half of the year, Coal and Minerals Director-General Sukhyar said.
JAKARTA - Indonesia has offered mining companies a tax concession to end a six-month dispute that has reduced mineral exports by half a billion dollars a month, pushed up the global price of some metals and led to thousands of layoffs.
* Concentrate export tax cut to below 10 pct from 20-25 pct
JAKARTA, July 24 - 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.
July 23 - Freeport-McMoRan Inc said on Wednesday it expects to "imminently" sign an agreement with Indonesia that would enable it to immediately resume copper concentrate exports which have been halted for more than six months.
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