Indonesia’s mines ministry seeks sharp cut in Freeport export tax
(Reuters) – Indonesia’s mining ministry has recommended a sharp cut in the export tax imposed on Freeport McMoRan Copper & Gold Inc and Newmont Mining Corp after they promised to build a smelter, a senior official said on Friday.
The two companies halted nearly $4 billion worth of annual copper shipments in January, after the government imposed an unexpected 25 percent export tax on shipments to force miners to process their raw minerals domestically.
Read more at: http://www.reuters.com/article/2014/04/11/indonesia-mining-exporttax-idUSL3N0N32WO20140411
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