Freeport Expects to Reach Indonesia Export Deal ‘Imminently’
- Exports to continue during talks for long-term deal: Adkerson
- Arbitration plan won’t proceed if ‘good faith’ talks go well
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Freeport-McMoRan Inc. expects to have permits in place “imminently” to resume exports of semi-processed copper from Indonesia for the next six months, allowing the miner to focus on fleshing out a long-term agreement to stay in the country.
“We have been working with the government on this approach, but it has not yet been formally documented,” Chief Executive Officer Richard Adkerson said in an interview in Santiago on Wednesday. “We understand that’s to happen immediately and that there are no areas of controversy in the documentation.”