|Bid||735.00 x 0|
|Ask||740.00 x 0|
|Day's Range||740.00 - 760.00|
|52 Week Range||595.00 - 1,150.00|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Earnings Date||Aug 27, 2018 - Aug 31, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||1,326.70|
The Indonesian government has approved one-year export allowances for copper concentrate for miners PT Freeport Indonesia and PT Amman Mineral Nusa Tenggara, officials from the Ministry of Energy and Mineral Resources said on Friday. Freeport will be given an allowance of 198,282 wet tonnes of copper concentrate, while Amman will get 336,100 wet tonnes, said Yunus Saifulhak, director of minerals at the energy and mining ministry. Indonesia's Ministry of Trade will issue the export permits according to the recommendation from the mining ministry.
This is the first time that Moody's has assigned ratings to Inalum. Proceeds from the notes issuance will be used to fund a portion of Inalum's proposed $3.85 billion payment to increase its share ownership of PT Freeport Indonesia (PTFI) to 51.23%, inclusive of the government of Papua's 10% stake, from 9.36%.