February 10, 2017 / 5:12 PM / a year ago

Freeport says Indonesia export restrictions remain, no new permit

TORONTO (Reuters) - Freeport-McMoRan Inc (FCX.N), the world’s biggest publicly-listed copper miner, said on Friday that it has not reached an agreement with Indonesia on a new permit for its Grasberg mine and copper concentrate exports remain restricted.

    Indonesia, which earlier on Friday said it had issued a new mining permit to Freeport, halted shipments of copper concentrate exports on Jan. 12, a suspension that Freeport said would reduce output from its Grasberg mine by around 70 million pounds of copper per month.

    Reporting by Susan Taylor

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