Bruising battle
BY Reuters, Raj Gunashekar |
In January, Indonesia introduced a set of rules requiring miners to shift from their current ‘contracts of work’ to so-called ‘special mining permits’ before being allowed to resume exports of semi-processed ores and concentrates. This move has led to a very public, increasingly costly dispute with miner Freeport-McMoRan, which appears to have ramifications not just on the industry, but also doing business in Indonesia.