financetom
Business
financetom
/
Business
/
Indonesia extends Freeport Indonesia's copper export permit for six months, minister says
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Indonesia extends Freeport Indonesia's copper export permit for six months, minister says
Mar 17, 2025 1:01 AM

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.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
This sustainable jewellery brand is luring some women away from gold
This sustainable jewellery brand is luring some women away from gold
Oct 30, 2023
Aulerth's offerings range from ₹5,000 to as high as ₹2.8 lakh. Are women willing to spend this much on jewellery made from scrap? Founder and CEO Vivek Ramabhadran definitely believes so. Aulerth produces couture-inspired pieces in association with designers like JJ Valaya, Suneet Varma, among others. It has reported 33% repeat customers in the past year and expects a spike to 40% soon.
SJVN secures 200-MW wind power project at ₹3.24 per unit
SJVN secures 200-MW wind power project at ₹3.24 per unit
Nov 16, 2023
Projected to generate 482 million units in its inaugural year post-commissioning, the cumulative energy generation over a 25-year span is anticipated to reach 12,050 million units. Shares of SJVN Ltd ended at ₹75.17, down by ₹0.50, or 0.66%, on the BSE.
Tata Power Renewable Energy wins 200-MW project in collaboration with SJVN
Tata Power Renewable Energy wins 200-MW project in collaboration with SJVN
Nov 28, 2023
The firm and dispatchable renewable energy (FDRE) project, designed with a hybrid of solar, wind, and battery storage, is aimed at providing a stable and dispatchable energy supply during peak hours. Shares of Tata Power Company Ltd ended at ₹270.75, up by ₹12.60, or 4.88%, on the BSE.
Suzlon's S144–3 MW wind turbines get big boost from Indian government
Suzlon's S144–3 MW wind turbines get big boost from Indian government
Nov 15, 2023
Th Suzlon wind turbines received the RLMM (Revised List of Models & Manufacturers) listing from the Ministry of New and Renewable Energy, marking an important milestone for the successful commercialisation of the product. Shares of Suzlon Energy Ltd ended at ₹40.49, up by ₹1.85, or 4.79%, on the BSE.
Copyright 2023-2026 - www.financetom.com All Rights Reserved