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Freeport Indonesia has new mining permit valid to 2031

Reuters | December 21, 2018 | 9:35 am Base Metals Precious Metals Asia Copper Gold Silver 
Image courtesy of PT Freeport Indonesia

JAKARTA – A special mining permit given to Freeport McMoRan unit PT Freeport Indonesia on Friday is valid up to 2031, and could be extended to 2041, an energy ministry official said.

* Copper ore output from Freeport’s Grasberg mine is expected to decline in 2019 once open pit mining ends this year, Freeport Indonesia chief executive Tony Wenas said

* Output from the mine is expected to increase once again in 2020, Wenas said.

(By Fergus Jensen; Editing by David Evans)

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