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Freeport-McMoRan Copper & Gold Inc

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  • *Nation exported on avg $500 mln/ month of ore, concentrates in Jan- Oct 2013. JAKARTA, Jan 24- Indonesia's metal ore and concentrate exports have ground to a complete halt, government officials said on Friday, signalling the turmoil in the mining sector after a ban on ore shipments and an export tax were imposed nearly two weeks ago.

  • JAKARTA, Jan 24- Indonesia's metal ore and concentrate exports have ground to a complete halt, a trade ministry official said on Friday, signalling the turmoil in the mining sector after a ban on ore shipments and an export tax were imposed nearly two weeks ago.

  • Jan 22- Freeport McMoRan Copper& Gold Inc said on Wednesday it would "defend its rights" in Indonesia against a new export tax but was confident of resolving its dispute with the government without going to international arbitration.

  • UPDATE 1-Newmont mulls legal action on Indonesia tax Wednesday, 22 Jan 2014 | 1:01 PM ET

    Jan 22- Newmont Mining Corp said on Wednesday that it was considering legal action as well as other options in Indonesia, where it is facing a new export tax. Indonesia softened a proposed mineral ore export ban earlier this month, but surprised miners by imposing a new tax on exports of concentrate.

  • Jan 22- Freeport McMoRan Copper& Gold Inc said on Wednesday it would "defend its rights" in Indonesia against a new export tax it said contravenes its agreement with the government, as it reported a drop in fourth-quarter earnings.

  • UPDATE 1-Freeport says to contest Indonesia export tax Wednesday, 22 Jan 2014 | 9:09 AM ET

    Jan 22- Freeport McMoRan Copper& Gold Inc said on Wednesday it was working to "defend its rights" in Indonesia in the face of a new export tax it said contravenes its agreement with the government, as it reported a drop in fourth-quarter earnings.

  • UPDATE 2-Indonesia aims to get 15 pct more FDI in 2014 Tuesday, 21 Jan 2014 | 3:50 AM ET

    JAKARTA, Jan 21- Indonesia on Tuesday set an ambitious target of attracting 15 percent more foreign investment this year than in 2013, a challenging goal as its economy slows and investors grapple with an uncertain policy outlook in an election year.

  • *Freeport could face $5 bln in extra taxes over next 3 yrs- Reuters calculation. Freeport and fellow miner Newmont Mining, which together account for virtually all copper mining in Indonesia and are exempt from export taxes under current contracts, are expected to meet finance ministry officials on Friday.

  • New copper tax clouds Freeport's outlook in Indonesia Thursday, 16 Jan 2014 | 11:36 PM ET

    *Freeport could face $5 bln in extra taxes over next 3 yrs-Reuters calculation. Freeport and fellow miner Newmont Mining, which together account for virtually all copper mining in Indonesia and are exempt from export taxes under their current contracts, are expected to meet with finance ministry officials later on Friday.

  • US stocks get ready after best day's trading of 2014 Wednesday, 15 Jan 2014 | 8:42 AM ET

    U.S. stock index futures signalled a higher opening after a strong Tuesday trading day.

  • *Freeport will minimise operational costs with layoffs- union.

  • "I'm optimistic," said Diane Swonk, chief economist for Mesirow Financial in Chicago, who predicts three-percent GDP growth and the creation of up to three million jobs this year. "I haven't felt bullish in a long time," Swonk said at the annual economic outlook luncheon of the Executive Club of Chicago on Jan. 9.

  • *Freeport halts copper exports to await clarity on rules. JAKARTA, Jan 13- Indonesia's mining sector was left in turmoil on Monday after the government pushed through a controversial ban on exporting unprocessed mineral exports.

  • *Indonesia says will use export tax to encourage processing. JAKARTA, Jan 13- Global nickel prices and mining shares rallied a day after Indonesia banned unprocessed mineral exports, though policy softening on some ores should allow leading U.S. miners such as Freeport McMoRan Copper& Gold to keep exporting copper.

  • *Indonesia says will use export tax to encourage processing. JAKARTA, Jan 13- Global nickel prices and mining shares rallied a day after Indonesia banned unprocessed mineral exports, as the Southeast Asian nation pledged to introduce a progressive export tax to encourage domestic smelting for a range of ores.

  • JAKARTA, Jan 13- U.S. mining giant Freeport McMoRan Copper and Gold Inc is still awaiting government approval to export copper concentrate from its its huge copper mine in Indonesia, a spokewoman said on Monday.

  • Could the minerals ban worsen Indonesia's deficit? Sunday, 12 Jan 2014 | 11:15 PM ET
    Nickel matte in workers cupped hands

    Indonesia's mineral ore export ban, imposed on Sunday, shouldn't worsen the nation's current account deficit, analysts told CNBC.

  • *Nickel price, Australian miners rise on Indonesia export halt. SYDNEY, Jan 13- Global nickel prices and shares in Australian miners rallied on Monday after a ban on unprocessed mineral exports by top supplier Indonesia came into effect, a policy that could trigger a recovery in long-depressed nickel prices.

  • SYDNEY, Jan 13- London nickel jumped more than 2 percent on Monday, adding to strong gains last week as a ban on unprocessed nickel laterite ore exports from top producer Indonesia came into effect, fanning a technical rally across other metals.

  • Indonesia bans mineral ore exports Sunday, 12 Jan 2014 | 5:45 AM ET
    An excavator operates on a stockpile of rock ore at the PT Aneka Tambang gold mine in Pongkor, West Java, Indonesia, on Thursday, Nov. 7, 2013.

    Indonesia banned all mineral ore exports, as expected, on Sunday, but will likely allow some U.S. mining giants to continue shipments.

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