Freeport Seeks Indonesian Copper Export Extension After Fire

Freeport Seeks Indonesian Copper Export Extension After Fire

(Bloomberg) — Freeport-McMoRan Inc. is in talks with the Indonesian government to extend its licenses to export copper concentrate because a fire has disrupted the company’s smelter operations in the Southeast Asian nation. Most Read from Bloomberg Freeport’s Indonesian subsidiary has temporarily suspended operations at its copper smelter after a fire last week damaged infrastructure … Read more

Bank Indonesia Holds Key Rate After Rupiah Comes Under Pressure

(Bloomberg) — Indonesia’s central bank kept its key interest rate steady as expected, pausing an easing cycle as external risks drag on the rupiah currency. Most Read from Bloomberg Bank Indonesia left the benchmark BI-Rate unchanged at 6% on Wednesday, as predicted by 30 of the 41 economists surveyed by Bloomberg, with the rest expecting … Read more

Founder of Indonesian Gold Miner J Resources Is Said to Consider Sale

(Bloomberg) — Jimmy Budiarto, the founder of Indonesian gold miner PT J Resources Asia Pasifik, is considering selling his 92.5% stake in the Jakarta-listed company, according to people with knowledge of the matter. Most Read from Bloomberg Budiarto is working with financial advisers and has reached out to potential investors, the people said, asking not … Read more

Indonesia’s Vidio Is Aiming to Double Subscribers Ahead of IPO

(Bloomberg) — Vidio, Indonesia’s answer to Netflix Inc., is aiming to double its paid subscribers to 8 million in the next two to three years ahead of plans to go public in a market where streaming still has much room to grow. Most Read from Bloomberg The company, owned by Indonesian media conglomerate PT Elang … Read more