February 3, 2017 / 2:37 PM / 8 months ago

Freeport to cut Indonesia operations if export approval delayed

TORONTO, Feb 3 (Reuters) - Freeport-McMoRan Inc, the world’s biggest publicly-listed copper miner, said on Friday it will cut costs, staff, and spending in Indonesia in the “near-term” if there is continued delay in government approval to export copper concentrates.

Freeport’s exports of copper concentrate from Indonesia have been halted since Jan. 12 when a ban on shipping semi-processed ore out of the Southeast Asian country came into effect to boost the local smelter industry. (Reporting by Susan Taylor)

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