Head of Freeport's Indonesian unit resigns

Copper miner in deadlock with government over export ban

20170218_freeport

Policemen stand guard as workers of PT Freeport Indonesia protest in Mimika, Papua Province, Indonesia, on Feb. 17. (Courtesy Antara Foto)

WATARU SUZUKI, Nikkei staff writer

JAKARTA -- U.S. miner Freeport-McMoran's Indonesian subsidiary announced the resignation of its President on Saturday, adding fresh uncertainty to its negotiations with the government over a ban on exports from its giant copper mine in Papua Province.

Concerns over reduced supply in the global market have already lifted the benchmark price of copper, the metal used in everything from electrical wires to motors, to its highest level in 20 months.

Sponsored Content

About Sponsored ContentThis content was commissioned by Nikkei's Global Business Bureau.