It was held on the occasion of Transport and Drivers Day;
Indonesia trade ministry supports extending Freeport’s copper export permit
me-metals: Indonesia’s trade ministry would support allowing PT Freeport Indonesia to continue exporting copper concentrate after a cost-and-benefit analysis, a deputy minister said on Friday.
According to me-metals cited from mining.com, Resource-rich Indonesia has banned exports of copper concentrate, asking miners to process their output onshore and export higher value products instead, under a policy known as “commodity downstreaming”.
The trade ministry is only one of a number of government agencies that have to sign off on reopening copper concentrate exports for Freeport, with the mining, finance and coordinating economic affairs ministries also involved.
Freeport’s last export permit expired at the end of 2024, but the company has requested it can continue selling copper concentrate abroad because its local copper smelter was in repair after a fire in October last year.
“The trade ministry supports a plan to relax the export policy after weighing the cost and benefit analysis … while also observing the sustainability of the government’s natural resource downstreaming policy,” deputy minister Dyah Roro Esti said in a statement.
Freeport Indonesia said that it’s currently negotiating with the government over the export permit and believed the government “would accommodate” it.
Freeport-McMoran’s executives last month said Jakarta has indicated to the company it would support allowing copper concentrate exports in 2025.
source: mining.com
Related News
Top News
Seventeen Days ago
BHP commissions Fluor, Hatch to support South Australia copper expansions
AbraSilver raises $34m for Diabillos project in Argentina
India scraps custom duties on waste and scrap of dozen critical minerals
Accelerating its Green Fleet: Alba Debuts Electric AlF3 Feeding Vehicle in Potlines
Gold price hits fresh record on haven demand
NEW PRODUCTION RECORD AT ESF FERALPI STAHL
Alba CEO visits Midal Cables, Emphasising strong partnership
Mali gold mine accident kills more than a dozen, including women and children
Harmony Gold expects to beat annual output target despite first half dip
Copper production from Chile rose nearly 5% last year
Indonesia trade ministry supports extending Freeport’s copper export permit
Gold price hits fresh record on haven demand
Seven bidders battle for Chile’s lithium mining contracts
Barrick’s gold reserves rise in 2024 on Reko Diq project
Chinese firms control around 75% of Indonesian nickel capacity, report finds
Alba Promotes Two Home-Grown Bahraini Nationals to Key Leadership Positions
145-MM-THICK SLAB CAST ON FUNNEL MOULD
A new, significant technology milestone achieved by Danieli QSP-DUE plant at Yukun
Ascot faces capital shortage as it delays Premier milling restart
Barrick CEO says miner ‘making progress’ in dispute with Mali
Copper production from Chile rose nearly 5% last year
Indonesia trade ministry supports extending Freeport’s copper export permit
Gold price hits fresh record on haven demand
Seven bidders battle for Chile’s lithium mining contracts
Barrick’s gold reserves rise in 2024 on Reko Diq project
Chinese firms control around 75% of Indonesian nickel capacity, report finds
Alba Promotes Two Home-Grown Bahraini Nationals to Key Leadership Positions
A new, significant technology milestone achieved by Danieli QSP-DUE plant at Yukun
Ascot faces capital shortage as it delays Premier milling restart