Cabinet to Discuss Ore Ban Amid Freeport Queries

Indonesia is drawing up a government regulation that will lay out details of how a planned ban on mineral-ore shipments will be implemented next month, with the cabinet scheduled to review the issue later this week.

The rules, including the treatment of Freeport-McMoRan Copper & Gold Inc. (FCX)’s local operations, are still being prepared, Coordinating Minister for the Economy Hatta Rajasa told reporters in Jakarta after ministers met to discuss how the curb will work in practice. The cabinet will discuss the matter on Thursday, according to Industry Minister M.S. Hidayat, who attended today’s gathering with Rajasa, Finance Minister Chatib Basri and Energy and Mineral Resources Minister Jero Wacik.

Read more at:  http://www.thejakartaglobe.com/business/cabinet-to-discuss-ore-ban-amid-freeport-queries/

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