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Bad blood poisons Freeport Indonesia export talks

By Phoebe Seers ( February 2, 2016, 09:22 GMT | Insight) -- As negotiations with Indonesia's government reached a deadlock, mining giant Freeport McMoRan on Friday lost its right to export copper concentrate, worth more than $1 billion annually, from one of the world's largest mines. A lack of action on smelter-building, uncertainty over the extension of Freeport Indonesia's operating rights, and a delay in the reduction of the parent company's stake in its Indonesian venture have conspired to hold up the issuance of a new permit, MLex was told. As negotiations with Indonesia's government reached a deadlock, mining giant Freeport McMoRan on Friday lost its right to export copper concentrate, worth more than $1 billion annually, from one of the world's largest mines....

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