financetom
Business
financetom
/
Business
/
Indonesia to issue copper export permits for Freeport, Amman, official says
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Indonesia to issue copper export permits for Freeport, Amman, official says
May 30, 2024 10:27 PM

JAKARTA, May 31 (Reuters) - Indonesia will issue copper

concentrate export permits for miner Freeport Indonesia and

Amman Mineral Internasional, a trade ministry official said on

Friday, ensuring that exports by both companies would not be

disrupted.

Freeport's and Amman's current export permits expire on

Friday.

"The permits will take effect from June 1," Budi Santoso,

the trade ministry's director general of international trade,

without disclosing further details.

Budi said both companies will be permitted to export until

Dec. 31.

Indonesia banned shipments of all raw minerals from June

2023, but Freeport and Amman were given a year-long dispensation

to export their copper concentrate to allow the miners more time

to finish the construction of their smelters.

Both companies have since lobbied the government for another

extension, arguing that their smelters would not reach full

capacity by next month.

On May 8, President Joko Widodo said the government would

extend Freeport's and Amman's export permits, but did not

provide details.

Freeport and Amman did not immediately respond to a request

for comment. Amman earlier this week said it was still waiting

for its new export permit.

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 >
Estee Lauder Chairman Emeritus Leonard Lauder dies at 92
Estee Lauder Chairman Emeritus Leonard Lauder dies at 92
Jun 15, 2025
June 15 (Reuters) - Estee Lauder ( EL ) said on Sunday that its chairman emeritus, Leonard Lauder, died on Satuday at the age of 92. Lauder joined the company in 1958 and played a key role in transforming the business from a handful of products sold under a single brand in U.S. stores to a multi-brand cosmetics giant. He...
Estee Lauder Chairman Emeritus Leonard Lauder dies at 92
Estee Lauder Chairman Emeritus Leonard Lauder dies at 92
Jun 15, 2025
(Reuters) -Estee Lauder said on Sunday that its chairman emeritus, Leonard Lauder, died on Satuday at the age of 92. Lauder joined the company in 1958 and played a key role in transforming the business from a handful of products sold under a single brand in U.S. stores to a multi-brand cosmetics giant. He was the son of company founders...
Estee Lauder chairman emeritus Leonard Lauder dies, company says
Estee Lauder chairman emeritus Leonard Lauder dies, company says
Jun 15, 2025
June 15 (Reuters) - Estee Lauder ( EL ) said on Sunday that its chairman emeritus, Leonard Lauder, has died at the age of 92. (Reporting by Shivani Tanna in Bengaluru) ...
Exclusive-US Export-Import Bank considers $120 million loan for Greenland rare earths project
Exclusive-US Export-Import Bank considers $120 million loan for Greenland rare earths project
Jun 15, 2025
(Reuters) -Critical Metals Corp ( CRML ) has received a letter of interest from the U.S. Export-Import Bank (EXIM) for a loan worth up to $120 million to fund the company's Tanbreez rare earths mine in Greenland, in what would be the Trump administration's first overseas investment in a mining project.  The loan, if approved, would boost U.S. access to...
Copyright 2023-2025 - www.financetom.com All Rights Reserved