Reuters: Regulatory News: Freeport warns Indonesia export ban may cut copper output

Reuters: Regulatory News Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

50% off Print Subscription of USA Today Get the news delivered to your doorstep. Lock in the savings and receive USA Today for just $0.75 a day. From our sponsors

Freeport warns Indonesia export ban may cut copper output Aug 13th 2013, 10:22 JAKARTA | Tue Aug 13, 2013 6:22am EDT JAKARTA Aug 13 (Reuters) - Freeport-McMoRan Copper & Gold Inc's Indonesian subsidiary warned on Tuesday that the country's rules on mineral processing and ban on ore exports after 2014 may impact production at its Grasberg mine, the world's second-biggest copper mine. "If there is no dispensation from the government... our mining capacity will need to be reduced ... It's very complicated," PT Freeport Indonesia CEO Rozik B. Soetjipto said at a press conference in Jakarta. "Because of this we will continue to try to talk to the government," he added. Freeport currently processes only around 40 percent of its ore domestically, Rozik said, but the prevailing law requires it to smelt all of it in Indonesia from January 2014.

You are receiving this email because you subscribed to this feed at blogtrottr.com. If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions