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Freeport asked to up Indonesian royalties to 10%

Cecilia Jamasmie | September 20, 2012 | 3:54 pm Base Metals Energy Precious Metals Asia Europe Coal Copper Gold 

Indonesia, one of the world’s largest exporters of copper and coal, has asked mining companies including the local divisions of Freeport-McMoRan Copper & Gold (NYSE:FCX) and Vale SA (NYSE:VALE) to increase their royalties to 10%. According to Bloomberg, the measure...

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