Indonesia Says Freeport Seeks to Delay Copper Smelter Payment
- Indonesia has asked for $530 million toward a new smelter
- Mining, milling operations at Grasberg site are normal
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Freeport-McMoRan Inc. is seeking to postpone the payment on a new copper smelter in Indonesia as talks to extend an export permit near completion, said Energy & Mineral Resources Minister Sudirman Said.
“They have appealed for a delay or leniency, but we have asked them to show their commitment in an equivalent way,” Said told reporters in Jakarta on Tuesday. “It’s a normal process of negotiation.”