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.
Freeport Indonesia’s copper output in 2023 is seen at about 1.6 billion pounds (725,748 tonnes), about the same level as last year, company chief executive Tony Wenas said on Tuesday.
Gold output, estimated at about 1.8 million ounces, rose about 12.5% compared to 1.6 million ounces produced last year, Wenas told reporters.
(By Stefanno Sulaiman; Editing by Martin Petty)
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