https://www.miningweekly.com

Indonesia to issue copper export permits for Freeport, Amman

31st May 2024

By: Reuters

  

Font size: - +

JAKARTA - 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, said, 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.

Amman has started the commissioning of its smelter and the production of the first batch of copper cathodes is expected in the second half of 2024, the company said in a statement on Friday.

On May 8, President Joko Widodo said the government would extend Freeport's and Amman's export permits, but did not provide details.

A Freeport Indonesia spokesman said the company "is still coordinating with the government" regarding the export permit extension. Amman did not immediately respond to a request for comment regarding the export permit. Amman earlier this week said it was still waiting for its new export permit.

Edited by Creamer Media Reporter

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

EKATO Africa
EKATO Africa

Established in 1933, EKATO is the world leader in agitation technology, supplying agitators for processes and applications such as chemicals and...

VISIT SHOWROOM 
Alco-Safe
Alco-Safe

Developed to exceed the latest EN 15964 standards for police breathalysers proving that it will remain accurate and reliable for many years to come.

VISIT SHOWROOM 

Latest Multimedia

sponsored by

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:0.051 0.381s - 128pq - 2rq
Subscribe Now