Ministry of Energy and Mineral Resources (ESDM) again gives a temporary export permit to PT Freeport Indonesia (PTFI) due to the share sales with U.S’s Freeport-McMoRan Gold & Copper Inc. (NYSE: FCX) and Australian Rio Tinto’s participation rights not yet completed. Since the beginning of this year the government has extended the Freeport export permit almost fourth times. If that negotiations will not be completed in the coming month, the government will extend PTFI’s temporary export for three months.
