| INDONESIA PRESS-Freeport halts copper exports from Indonesia amid rule hiccup - Jakarta Globe | |
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JAKARTA, Aug 12 (Reuters) - U.S. mining giant Freeport has stopped its shipments of copper concentrate from Indonesia after failing to obtain an exemption from a new rule requiring mining exports to use letters of credit, the Jakarta Globe newspaper reported, quoting Riza Pratama, a spokesman for the company's Indonesia unit. The government had earlier exempted the firm from the rule for six months, which expired on July 25. The spokesman did not answer calls when Reuters tried to contact. ---- Note: Reuters has not verified this story and does not vouch for its accuracy. (Compiled by Fergus Jensen; Editing by Subhranshu Sahu)
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Freeport McMoRan Copper and Gold Inc.
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PRODUCER |
CODE : FCX |
ISIN : US35671D8570 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Freeport McMoran is a gold and copper producing company based in United states of america. Freeport McMoran produces gold, copper, cobalt, molybdenum and silver in Chile, in Congo Dem. Rep. of, in Indonesia and in Peru, develops copper in Congo Dem. Rep. of, and holds various exploration projects in Chile. Its main assets in production are CANDELARIA, EL ABRA, HENDERSON, CHINO - MILL and OJOS DEL SALADO in Chile, GRASBERG, SIERRITA and BAGDAD in Indonesia, TENKE FUNGURUME, TYRONE, MIAMI - ROM LEACH, MORENCI - MILL, MORENCI and MORENCI - ROM LEACH in Congo Dem. Rep. of and CERRO VERDE in Peru, its main asset in development is SAFFORD in Congo Dem. Rep. of and its main exploration properties are CERRO VERDE - ROM LEACH, EL ABRA - ROM LEACH, CERRO VERDE - MILL, CERRO VERDE - CRUSHED LEACH, BAGDAD - ROM LEACH, CHINO - ROM LEACH and CLIMAX in Chile. Freeport McMoran is listed in Germany and in United States of America. Its market capitalisation is US$ 70.9 billions as of today (€ 66.5 billions). Its stock quote reached its lowest recent point on March 06, 2020 at US$ 10.00, and its highest recent level on April 22, 2024 at US$ 48.95. Freeport McMoran has 1 448 000 000 shares outstanding. |