Education English | News Items Text : Government Reduces Freeport's Output | Jakarta: Freeport-Mc-MoRan Copper & Gold Inc., the world's second-largest copper producer, had its maximum ore production permit in Indonesia cut 26 percent on environmental concerns.
"The government only approves a Freeport ore output this year of 220,000 tons a day to reduce the impact on the environment," Witoro S. Soelarno, head of mine inspection at the Energy and Mineral Resources Ministry, said. The previous limit was 300,000 tons a day, he said.
Phoenix-based Freeport produced on average 229,000 tons of copper and gold ore a day from its Grasberg mine in 2006.
Freeport's copper ore output in the fourth quarter of 2007 fell to 926 million of recoverable pounds from 1,044 million of recoverable pounds a year earlier, the company said on its
Web site. Gold output in the quarter dropped to 186,000 of recoverable ounces from 544,000 of recoverable ounces, it said. — Bloomberg
Taken from The Jakarta Post, April 15 , 2008
"The government only approves a Freeport ore output this year of 220,000 tons a day to reduce the impact on the environment," Witoro S. Soelarno, head of mine inspection at the Energy and Mineral Resources Ministry, said. The previous limit was 300,000 tons a day, he said.
Phoenix-based Freeport produced on average 229,000 tons of copper and gold ore a day from its Grasberg mine in 2006.
Freeport's copper ore output in the fourth quarter of 2007 fell to 926 million of recoverable pounds from 1,044 million of recoverable pounds a year earlier, the company said on its
Web site. Gold output in the quarter dropped to 186,000 of recoverable ounces from 544,000 of recoverable ounces, it said. — Bloomberg
Taken from The Jakarta Post, April 15 , 2008
To Get More "News Items Text" please Click Here
No comments:
Post a Comment