Freeport seeks to extend permit for exporting Indonesian copper

No 1 source of global mining news and opinion

Freeport McMoRan Inc. will seek Indonesia’s approval to keep exporting mined copper beyond a May deadline to avoid building up stockpiles of concentrates as it ramps up output at a smelter it’s building at Jakarta’s request.

Without a further extension, Freeport could end up accumulating a large backlog of mined raw materials, known as concentrates. Similar efforts in the nickel industry have sparked billions of dollars worth of investment that have transformed the country into a powerhouse producer, but chairman and chief executive officer Richard Adkerson reiterated Freeport’s long-running argument that in copper there’s less value to be captured in the final stage of turning semi-processed ores into finished metal.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

mining /  🏆 449. in US

South Africa Latest News, South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Indonesian urban poor suffer the most in extreme weather caused by climate changeExtreme weather as a result of climate change has caused disasters and catastrophes around the globe.
Read more »

Hsueh Shih-Ling, Angga Yunanda Join Cast Of Ambitious Co-Pro 'Malice'Taiwanese actors Jieh-Wen King and Hsueh Shih-Ling and Indonesian actor Angga Yunanda have been cast in Lim Lungyin’s action adventure Malice, an amitious co-production between Taiwa…
Read more »

Activist investor Nelson Peltz boosts Disney Stake, seeks board seats - WSJActivist investor Nelson Peltz boosts Disney Stake, seeks board seats - WSJ
Read more »

Tribal leaders and researchers have mapped the ancient 'lost suburbs' of Los AngelesThe 'Mapping Los Angeles Landscape History' project seeks to illustrate major Los Angeles area Indigenous settlements.
Read more »

Tribal leaders and researchers have mapped the ancient 'lost suburbs' of Los AngelesThe “Mapping Los Angeles Landscape History” project seeks to illustrate major Los Angeles area Indigenous settlements.
Read more »

Nelson Peltz Boosts Disney Stake, Seeks Board SeatsActivist’s Trian Fund Management has accumulated stake worth more than $2.5 billion
Read more »