https://newsletter.mw.creamermedia.com
Copper|Export|Fire|Mining|Products
Copper|Export|Fire|Mining|Products
copper|export|fire|mining|products

Indonesia trade ministry supports extending Freeport's copper export permit

7th February 2025

By: Reuters

  

Font size: - +

JAKARTA - 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.

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 did not immediately respond to request for comment. Freeport-McMoran's executives last month said Jakarta has indicated to the company it would support allowing copper concentrate exports in 2025.

Edited by Reuters

Comments

Showroom

ESAB showroom image
ESAB South Africa

ESAB South Arica, the leading supplier of high-end welding and cutting products to the Southern African industrial market is based in...

VISIT SHOWROOM 
Hanna Instruments (Pty) Ltd
Hanna Instruments (Pty) Ltd

We supply customers with practical affordable solutions for their testing needs. Our products include benchtop, portable, in-line process control...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 21 March 2025
Magazine round up | 21 March 2025
21st March 2025

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.106 1.917s - 151pq - 2rq
Subscribe Now