Indonesia to issue copper export permits for Freeport, Amman
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, said, 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.
Amman has started the commissioning of its smelter and the production of the first batch of copper cathodes is expected in the second half of 2024, the company said in a statement on Friday.
On May 8, President Joko Widodo said the government would extend Freeport's and Amman's export permits, but did not provide details.
A Freeport Indonesia spokesman said the company "is still coordinating with the government" regarding the export permit extension. Amman did not immediately respond to a request for comment regarding the export permit. Amman earlier this week said it was still waiting for its new export permit.
Comments
The
content
you are trying to access is only available to subscribers.
If you are already a subscriber, you can Login Here.
If you are not a subscriber, you can subscribe now, by selecting one of the below options.
For more information or assistance, please contact us at subscriptions@creamermedia.co.za.
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation