Freeport Seeks Indonesian Copper Export Extension After Fire
- Company needs to replace some equipment damaged from fire
- CEO Quirk didn’t provide a timeframe for repairs in Indonesia
Water is added to concentrate at a Freeport-McMoRan copper and gold mining complex in Indonesia.
Photographer: Dadang Tri/Bloomberg
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Freeport-McMoRan Inc. is in talks with the Indonesian government to extend its licenses to export copper concentrate because a fire has disrupted the company’s smelter operations in the Southeast Asian nation.
Freeport’s Indonesian subsidiary has temporarily suspended operations at its copper smelter after a fire last week damaged infrastructure used to produce sulphuric acid, the US metals producer said Tuesday in its earnings report. Freeport said the subsidiary “is working with the Indonesia government to allow continuity of copper concentrate exports until smelter operations are restored.”