The firm has not been able to ship copper from the mine in over a month due to a ban on concentrate exports that kicked in on January 12.
Indonesia Mining News
Strike at Escondida, export ban and smelter problems at Grasberg and community clashes at Las Bambas.
Miner says that each month of delay in obtaining approval to export means production would be reduced by 70 million pounds of copper and 70,000 ounces of gold.
US copper giant to be given temporary exemption under new mining rules to resume copper exports from Grasberg mine.
Government is considering to extend the miner a temporary permit, valid for up to six months, which would pave the way for Freeport to resume exports from Grasberg.
Indonesia's concentrate export ban, new ownership rules and licence conversion worry investors in Arizona copper giant.
World's largest listed copper miner said Indonesian export ban will force it to slash spending and operate its giant Grasberg operations at 40% capacity.
Far-reaching new mining rules ease a controversial ban on exports of nickel ore and bauxite.
A sustainable financial-sector roadmap for Indonesia must aggressively incorporate rigorous environmental and social standards into the credit-risk framework.
Ten gold mines that timed the gold price rally to perfection – Barrick owns four of them.
Partial lifting of Indonesia ore ban could make up any potential Philippines export losses.
Newmont Mining’s exit after more than 30 years illustrates mining companies’ growing difficulties there.
No early talks on Indonesia licence extension, export permit expiring next week still being negotiated.
With the sale, Newmont is offloading its Batu Hijau mine, Indonesia’s the second-biggest copper and gold operation.
Nickel's jumped back above $9,000 and the outlook is for steady price increases through 2019 despite possible lifting of Indonesian export ban – report.
The company, which is the US biggest miner by market value, is cutting 25% of its workforce to reduce debt.
The gold and copper miner didn’t specified where the alleged misconduct took place.
Peru's output surges, North American producers slip down the rankings and Chinese mines shut down.
Panigoro, the founder of oil and gas firm PT Medco Energi Internasional Tbk, has agreed to buy a controlling stake in Newmont Mining Corp's local metals operations.
Indonesia could exhaust its economically retrievable coal reserves by 2033, a study by PriceWaterhouseCoopers released on Monday showed.
The measure is part of a wider revision of the 2009 mining law that led to Indonesia's export edicts and other regulations.
The incident happened at Gosowong's Kencana mine — the same area where two men were trapped underground for eight days in December 2010.
The two sides have yet to resolve a government demand that the US firm first pay a $530 million deposit.
Maroef Sjamsuddin's decision comes less than a month after the chairman of the U.S. mining giant stepped down.
The last time the weather event was present, it wrought havoc on the mining industry in Australia, with thermal and coking coal mines in Queensland hit by flooding from cyclones and heavy rain.