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RESERVOIR MINERALS INC V.RMC

"Reservoir Minerals Inc is engaged in the acquisition, exploration and development of mineral properties in Serbia, Cameroon, Gabon, Macedonia and Romania."


TSXV:RMC - Post by User

Post by guiltedge1on Dec 14, 2013 1:10pm
242 Views
Post# 22006387

Freeport & Indonesia ( comment by US Global Investors)

Freeport & Indonesia ( comment by US Global Investors)
Weekly blog  (Frank talk) ..without any source cited:
.

Threats

  • Freeport Indonesia warns of production cuts and layoffs if the government bans ore exports from January 2014. Freeport estimates output at its Grasberg mine would decline by 60percent in 2014 comprising a cut of 900 million pounds of copper and 1.7 million ounces of gold, along with layoffs of about half of its 15,000 employees in Indonesia.
"IF the government bans ore exports" ..so this is probably an attempt  to influence the ;politicians. Regardless it seems Indonesia is getting to be an "issue" for Freeport..
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