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Freeport receives temporary permit to resume exports from Grasberg

Freeport-McMoRan Inc. unit PT Freeport Indonesia was granted a temporary license by the Indonesian government, enabling the resumption of concentrate exports from its Grasberg copper mine, Bloomberg News reported April 4.

The permit is valid for eight months from February, when a special mining license was first offered. Exports were halted for about 12 weeks.

Freeport Indonesia spokesman Riza Pratama said the company will soon restart exports while continuing talks with the government to agree on a long-term solution.

If a permanent solution is not reached by Oct. 10, the company will switch back to its contract of work, but its right to export will be revoked.