Indonesia Eases Mineral Ore Ban as Freeport Keeps Copper Exports
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Indonesia pushed ahead with a watered-down ban on mineral ore exports that will allow Freeport-McMoRan Copper & Gold Inc. and Newmont Mining Corp. to keep exporting copper concentrates.
Indonesia’s President Susilo Bambang Yudhoyono signed a regulation for the ore ban, Energy and Mineral Resources Minister Jero Wacik told reporters, after an 11th-hour meeting of government ministers in Cikeas, West Java, yesterday. The rule, which goes into effect today, permits exports of minerals that are processed or refined in the country.