Freeport to resume exports from Grasberg Mine

Jul 25, 2014 | 12:10 PM | Saranya Kapur

Tags  Freeport-McMoRan, copper, copper concentrate exports, Indonesia, Grasberg Mine, PT Freeport Indonesia, PT-FI, Rio Tinto export duties

NEW YORK — Freeport-McMoRan Inc. has signed a memorandum of understanding with the Indonesian government allowing it to resume copper concentrate exports from its Grasberg Mine.

The Phoenix-based company’s Indonesian subsidiary, PT Freeport Indonesia Tbk (PT-FI), will begin full production immediately and resume concentrate exports in August.

The deal marks an end to a six-month halt in concentrate exports from Grasberg following the implementation of new mineral regulations in Indonesia.....

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