Freeport-McMoRan Nearing Closure of Indonesian Copper Concentrate Supply Deal

Mining Weekly reported that Freeport-McMoRan Copper & Gold is close to striking a supply deal for copper concentrate to an Indonesian smelter, which could figure in to contract renegotiations with the South-East Asian nation.

As quoted in the Mining Weekly report:

The Indonesian government is pushing foreign miners, including Freeport’s local unit Freeport Indonesia, to add more value within the country, as well as trying to secure higher royalty payments and sales of controlling shares.

To view the whole Mining Weekly report, click here.