Freeport warns copper export ban could cost Indonesia US$2 billion in lost revenue businesstimes.com.sg - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businesstimes.com.sg Daily Mail and Mail on Sunday newspapers.
JAKARTA : Copper miner Freeport Indonesia has warned the Indonesian government that banning exports of copper concentrate in June could lead to a loss of $2 billion in revenues for Jakarta, a company official said on Thursday.Indonesia's export ban takes effect from June in an effort to force miners to in
/PRNewswire/ The "9th Annual Mining Investment Asia" conference has been added to ResearchAndMarkets.com s offering. Explore Asia s Top Resources Hub for.
According to Reuters, Freeport Indonesia CEO Tony Wenas said on Tuesday that the company would need to reduce ore production by 40% in 2024 if copper concentrate is not allowed to be exported before the smelter reaches full capacity.