Freeport Gets Indonesia Approval to Resume Copper Exports
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Freeport-McMoRan Inc. got approval from Indonesia to resume exports from its Grasberg copper operation, the world’s third-largest, six months after a dispute with the government forced it to curb output.
Indonesia has issued an export permit for Freeport’s local unit, Trade Minister Muhammad Lutfi said today in a text message. The company will resume full operations immediately and exports of copper concentrates, a semi-processed raw material, are expected to start in August, Phoenix-based Freeport said in a statement.