| Indonesia to allow mine contract extension talks to begin 5-10 yrs before expiry -minister | |
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JAKARTA, Sept 10 (Reuters) - The Indonesian government plans to revise a mining regulation to allow miners to start contract extension talks five to ten years before a concession contract's expiry, at least doubling the time allowed from the current two years. "There are some contracts of work that will expire. This will give the chance to propose extension, such as for Freeport and Vale," energy and mines minister Sudirman Said told reporters on Thursday. Freeport's current mining contract is due to expire in 2021. (Reporting by Wilda Asmarini; Editing by Tom Hogue)
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VanEck Vectors Global Alternative Energy ETF
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CODE : FCX |
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ISIN : US35671D8570 |
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Freeport McMoran is a copper and gold producing company based in United states of america. Freeport McMoran produces copper, gold, cobalt, molybdenum and silver in Chile, in Congo Dem. Rep. of, in Indonesia and in Peru, develops copper in Peru, and holds various exploration projects in Chile. Its main assets in production are CANDELARIA, EL ABRA, CHINO - MILL, HENDERSON, MIAMI - ROM LEACH, MORENCI - MILL, OJOS DEL SALADO, MORENCI and MORENCI - ROM LEACH in Chile, GRASBERG, SIERRITA and BAGDAD in Indonesia, TENKE FUNGURUME and TYRONE in Congo Dem. Rep. of and CERRO VERDE in Peru, its main asset in development is SAFFORD in Peru and its main exploration properties are BAGDAD - ROM LEACH and CHINO - ROM LEACH in Peru and CERRO VERDE - MILL, CERRO VERDE - CRUSHED LEACH, CERRO VERDE - ROM LEACH, EL ABRA - ROM LEACH and CLIMAX in Chile. Freeport McMoran is listed in Germany and in United States of America. Its market capitalisation is 2.0 billions as of today (€ 1.9 billions). Its stock quote reached its lowest recent point on March 06, 2020 at 10.00, and its highest recent level on November 14, 2024 at 43.13. Freeport McMoran has 47 442 200 shares outstanding. |