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Freeport, Indonesia sign deal, paving way for copper exports to resume

Posted by ipso facto @ 9:18 on July 25, 2014  

JAKARTA, July 25 (Reuters) – Freeport-McMoRan Inc and the Indonesian government reached a deal over a contract dispute that is expected to pave the way for a resumption of copper exports after a six-month halt, a company executive said on Friday.

After signing the memorandum of understanding, Freeport Indonesia CEO Rozik Soetjipto told reporters he hoped copper concentrate exports could resume as early as August.


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Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.