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Indonesia Triples Freeport Copper concentrate Export Quota

Metal News - Published on Thu, 19 Sep 2019

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The Indonesian Energy and Mineral Resources Ministry has more than tripled the copper concentrate export license for PT Freeport for the March 2019-March 2020 period. Local newspaper Jakarta Post reported that The copper miner has been granted additional export quotas for copper concentrate from Indonesia, bringing annual export volumes to 700,000 wet metric tonnes (wmt), up from an initial quota of 198,282 wmt.

Local media reports quoted Yunus Saefulhak the ministry's minerals director as saying that the approval of additional quotas was due to successful optimization schemes at PT Freeport’s Grasberg copper-gold mine in Papua province of Indonesia.

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Posted By : Rabi Wangkhem on Thu, 19 Sep 2019
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