Mexico’s proposed higher mining royalties could block nearly $7bn in investments
The Mexican government proposed raising mining royalties under the argument that metal prices have risen in recent years.
JAKARTA, Feb 18 (Reuters) –
* PT Freeport Indonesia’s copper concentrate export permit expired on Feb. 15, and the company has not received export recommendations from the mining ministry that will help it to obtain a new permit, company spokesman Riza Pratama said on Monday in a text message.
* The unit of Freeport McMoRan for the time being is shipping part of its production to its smelter in East Java, Pratama said.
* He declined to disclose the new export quota it proposed to the government.
* Indonesia forecast copper concentrate exports to drop to 200,000 tonnes in 2019 from about 1.2 million tonnes last year.
(Reporting by Wilda Asmarini; writing by Fransiska Nangoy; editing by Christian Schmollinger)
