Indonesia hopes to conclude Freeport contract talks this month

Reuters

JAKARTA, June 13 (Reuters) - Indonesia hopes to conclude talks with Freeport McMoRan Copper and Gold Inc. this month, the country's chief economic minister said on Friday, potentially paving the way for a resumption of copper concentrate exports.

Freeport's chief executive was in Jakarta this week in the hope of reaching a deal over a new export tax that both his firm and fellow copper miner Newmont Mining have argued they should not have to pay.

"God willing it will be finished this month," Coordinating Economic Minister Chairul Tanjung told reporters, referring to the government's discussions with Freeport. Concentrate exports have been halted for the past five months.

(Reporting by Yayat Supriatna; Writing by Fergus Jensen; Editing by Richard Pullin)

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