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View all search resultsOn Thursday, four Indonesian ministers gathered to witness the signing of an agreement between state-owned mining holding group PT Indonesia Asahan Aluminium (Inalum) and Freeport-McMoran (FCX), the owner of PT Freeport Indonesia (PTFI).
The government approved on Wednesday a one-month special mining permit (IUPK) for PT Freeport Indonesia (PTFI), the local affiliate of American mining giant Freeport-McMoran, that expires on July 31, as the government aimed to complete the divestment of 51 percent of PTFI shares in mid-July.
An official at the Energy and Mineral Resources Ministry has confirmed that the temporary special mining permit (IUPK), one of the required documents that allows gold and copper miner PT Freeport Indonesia (PTFI) to export coal concentrates, will expire on July 4.
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