JAKARTA (Yosefardi) – PT Newmont Nusa Tenggara (NNT) and PT Freeport Indonesia have signed memorandum of understanding (MoU) for the extension agreement of smelter construction project in Gresik, East Java.
The previous MoU was effective for March 31, 2015 to September 30, 2015. The Director General for Minerals and Coal at the Ministry of Energy and Mineral Resources (ESDM) earlier said ESDM will evaluate the extent to which said MoU has been followed through.
The said MoU is the basis for ESDM to issuing concentrate export permit extension for NNT. NTT’s concentrate export permit has been expired on September 22, 2015.