No Help for Freeport as Indonesia Eases Export Ban

Indonesia is easing up on an export ban on unprocessed ore it imposed three years ago in a bid to boost a domestic smelting industry still in its infancy. Miners like Freeport-McMoRan (NYSE: FCX), which owns the massive Grasberg copper and gold mine in Indonesia, and Newmont Mining (NYSE: NEM), which had owned the Batu Hijau mine, would face heavy taxes if they failed to abide by the regulation. …read more

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