Freeport Indonesia to Ramp Up Concentrate Exports Ahead of Ban
Grasberg copper and gold mining complex in Papua province.
Photographer: Dadang Tri/Bloomberg
PT Freeport Indonesia expects to use 90% of a copper concentrate export quota that expires next month, requiring a major ramp up in shipments.
As of mid-August, the local unit of Freeport McMoRan Inc. had used up just 65% of the quota granted by the Indonesian government in March. Weather conditions and the need to support the start up of its two copper smelters have impacted exports, the firm said in a statement on Thursday.