JAKARTA, March 17 (Reuters) - Indonesia has agreed to
issue a copper export permit extension to miner Freeport
Indonesia for the next six months, the energy minister said on
Monday.
Freeport had sought the export permit after a fire at a gas
cleaning unit last October forced a halt in copper cathode
production at a new smelter in Gresik in East Java.
"We are giving six months so that they can expeditiously
fix the smelter so that Indonesia can get state revenues from
the royalties," Energy Minister Bahlil Lahadalia said at a
ceremony to launch Freeport Indonesia's precious metals
refinery, which is in the Gresik smelter complex.
The refinery processes gold, silver, platinum and
palladium, according to the presentation shown at the
livestreamed event.
Under its revised business plan, Freeport seeks to
export 1.2 million metric tons of concentrate, the firm's chief
executive
said last week. The company has 400,000 tons of copper
concentrate ready to export once a permit is received.
Freeport Indonesia did not immediately respond to a
request for comment.