Freeport McMoRan’s Indonesia Smelter Situation Spells Pain For China

In their mining industry’s effort to mitigate the ore export ban coming into effect Jan. 12 (as we reported earlier), the Indonesian government optimistically states that some 28 smelters are being built and will be ready by 2017, but in reality they will do well to have even half that number completed.

Freeport Indonesia, the local unit of US copper giant Freeport-McMoRan Copper & Gold, is a case in point.

Read more at: http://agmetalminer.com/2014/01/08/freeport-mcmorans-indonesia-smelter-situation-spells-pain-for-china/

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