Freeport Indonesia Requests Copper Concentrate Export Permit

FREEPORT - JAKARTA. Freeport Indonesia has requested the government relax its copper export ban and allow the miner to export 1.3 million metric tons of copper concentrate until December, worth about $5 billion, its chief executive said on Tuesday.

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Resource-rich Indonesia has banned exports of unprocessed ores to try to add value and encourage domestic processing, but Freeport said it needed the relaxation as its new smelter in Manyar, East Java, is undergoing repairs following a fire in October.