Freeport-McMoRan Inc (FCX.N)
30 Jul 2014
|Market Cap (Mil.):||$39,346.48|
|Shares Outstanding (Mil.):||1,038.71|
* Lead slips after 17-month high (Recasts, adds closing prices/details)
(Rewrites throughout to add details on royalties, export tax)
JAKARTA, July 25 - Freeport McMoRan Inc has obtained a permit to resume exports of copper concentrate from Indonesia after a six-month stoppage, the head of its Indonesian unit told Reuters late on Friday.
* Smelters expect TC/RCs to rise to $110/11 cts on Freeport export restart
JAKARTA, July 25 - Indonesia expects to sign a memorandum of understanding with Freeport-McMoRan Copper & Gold Inc on Friday that would allow it to ship 756,000 tonnes of copper concentrate in the second half of the year, Coal and Minerals Director-General Sukhyar said.
JAKARTA, July 24 - Indonesia is expected to issue U.S. mining giant Freeport-McMoRan Copper & Gold with a government permit to resume exporting copper concentrates in one or two weeks, a mining ministry official said on Thursday.
July 23 - Freeport-McMoRan Inc said on Wednesday it expects to "imminently" sign an agreement with Indonesia that would enable it to immediately resume copper concentrate exports which have been halted for more than six months.
* Coming up: U.S. consumer credit data for May at 1900 GMT (Updates with closing prices)
JAKARTA/TORONTO, July 8 - Six months into a dispute with Indonesia's government that has halted copper exports, two U.S. mining giants are using very different tactics in a bid to resume shipments - behind the scenes talks or raising the stakes with an arbitration claim.
* Govt official say Freeport exports could resume within weeks