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Freeport hasn’t received administrative approvals for 2014 exports from its Grasberg copper and gold mine in the Southeast Asian nation, the Phoenix-based company said today in its fourth-quarter earnings statement. Freeport expects to defer about 40 million pounds of copper and 80,000 ounces of gold per month at the mine, its largest producer by revenue.

Indonesia introduced regulations on metal exports this month, which curbed the shipping of unprocessed ore and placed duties on exports of copper concentrates by companies including Freeport. The duty on copper concentrates, a semi-processed ore, will be 25 percent this year and rise to 60 percent by mid-2016.

Read more at: http://www.businessweek.com/news/2014-01-22/freeport-mcmoran-earnings-beat-estimates-after-costs-decline