JAKARTA: Indonesia will issue copper concentrate export permits for miner Freeport Indonesia and Amman Mineral Internasional, a trade ministry official said on Friday, ensuring that exports by both companies would not be disrupted.
Freeport’s and Amman’s current export permits expire on Friday. “The permits will take effect from June 1,” Budi Santoso, the trade ministry’s director general of international trade, without disclosing further details. Budi said both companies will be permitted to export until Dec. 31.
Indonesia banned shipments of all raw minerals from June 2023, but Freeport and Amman were given a year-long dispensation to export their copper concentrate to allow the miners more time to finish the construction of their smelters.
Both companies have since lobbied the government for another extension, arguing that their smelters would not reach full capacity by next month.
On May 8, President Joko Widodo said the government would extend Freeport’s and Amman’s export permits, but did not provide details.
Comments
Comments are closed for this article.