JAKARTA, Feb 21 (Reuters) - The Indonesian government
has agreed to allow copper miner PT Freeport Indonesia to resume
exports of copper concentrate until repairs at its smelter are
completed, Energy and Mineral Resources Minister told reporters
on Friday.
The government had previously given Freeport an exemption
until the end of 2024 from its ban on exports of copper
concentrate, as the company was ramping up production at its new
Manyar smelter.
However, the smelter was shut down following a fire in
October, and repairs are ongoing. Freeport has requested an
export quota of 1.3 million tons this year to deal with its
rising stocks of copper concentrate.
Minister Bahlil Lahadalia said the government had decided to
allow exports by Freeport but would impose export duties on the
shipments as a penalty.
He said the government was currently calculating the export
volume it would allocate to Freeport.
Freeport Indonesia could not immediately be reached for
comment.