- Newmont Mining (NYSE:NEM) is set to resume exports from Indonesia following a nearly two-month hiatus after securing a recommendation for an extension of exports permit from the government.
- NEM's export permit, which expired in September, will be extended for another six months with a quota to export 430K metric tons of copper concentrate from its mine in eastern Indonesia.
- NEM also agrees to transfer $3M to its partner, Freeport McMoRan (NYSE:FCX), toward the development of new smelting facilities in the country.