“For each month of delay in obtaining approval to export, PT-FI’s share of production is projected to be reduced by approximately 70 million pounds of copper and 100 thousand ounces of gold,” Freeport McMoRan, owner of PT Freeport Indonesia (PT-FI), said in its full year 2016 report regarding its future operations in Indonesia following regulatory changes issued two weeks ago. We’re talking about US$188 million of sales revenues from copper and US$120 million of revenues from gold or a combined US$308 million at the current price.To subscribe please click here
