Freeport CEO heads to Jakarta as export halt enters sixth month

|By:, SA News Editor

Freeport McMoRan (FCX) CEO Richard Adkerson will be in Indonesia next week for talks to resolve the impasse with the government over exports from the miner's giant Grasberg copper and gold mine.

Indonesia's newly appointed chief economic minister says the issues would be resolved next week with the FCX management in Jakarta and that exports could restart soon.

FCX and Newmont Mining (NEM), which account for 97% of the country's copper output, say new taxes on copper concentrate exports conflict with their mining contracts that exempt them from new taxes and duties.