Freeport Indonesia has initial approval to resume copper exports – spokesperson

Freeport McMoRan has received preliminary approval to resume copper concentrate exports from its Indonesian operation and hopes to lodge an application for an export permit this week, a company spokesperson said. Indonesia halted Freeport's copper concentrate exports in January under new rules requiring the Arizona-based company to adopt a special licence, pay new taxes and royalties, divest a 51% stake in its operations and relinquish arbitration rights.