Indonesia says it will extend copper export permits for Freeport, Amman

Indonesia will extend copper concentrate export permits for Freeport Indonesia and Amman Mineral Nusa Tenggara, President Joko Widodo told reporters on Wednesday, adding that details of the extensions were still being worked out. Both Freeport Indonesia and Amman are building copper smelters expected to start operation in June. But the companies have said the new smelters would need months to ramp up capacity to absorb their copper concentrate output.