Although the government has permitted PT Freeport Indonesia to

export concentrate for the next eight months, while both parties
continue negotiations, the cooper and gold miner has not made
preparations to export its product.

Freeport Indonesia spokesman Riza Patrama said the company was

waiting for the finalization of the legal basis for a special mining license
(IUPK) from the Energy and Mineral Resources Ministry

When that is finished, Freeport will obtain a concentrate export

recommendation from the Trade Ministry, said Riza as reported
by kotan.co.id on Thursday.

Freeport stopped exporting concentrate following the issuance of

Government Regulation No. 1/2017 on coal and mineral mining
(Minerba).

(Read also: Three points not open to negotiation with Freeport,

official says)

On Tuesday, Energy and Mineral Resources Ministry secretary-general

Teguh Pamudji said Freeport had been allowed to export its product for
the next eight months and it would be evaluated after the first six
months, taking into account the progress of smelter construction.

The miner will be allowed to return to the contract of work (CoW)

signed in 1991, if a mutual agreement between Freeport Indonesia and
the government cannot be made by October. However, it would not be
allowed to export any copper concentrates. (bbn)