trending Market Intelligence /marketintelligence/en/news-insights/trending/xDCflkNbIMfScDzQiXLX7g2 content esgSubNav
In This List

Freeport receives temporary permit to resume exports from Grasberg

Blog

World Exploration Trends 2022

Blog

Gold Market Outlook

Blog

Insight Weekly: US recession outlook; mortgage activity slowdown; climate disclosure push

Blog

Insight Weekly: Cybersecurity M&A momentum; US banks' loan growth; miners' labor supply woes


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.