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RPT-UPDATE 1-Freeport seeks guarantees from Indonesia amid mining shake-up

*Freeport wants legal guarantees over new rules. But new regulations announced last week mean that Freeport and some other miners could be allowed to keep exporting ore if they meet conditions including shifting from their current' contracts of work' to so-called' special mining permits', a move that could leave them liable to paying more in taxes.

Source: Reuters

UPDATE 1-Freeport seeks guarantees from Indonesia amid mining shake-up

*Freeport wants legal guarantees over new rules. But new regulations announced last week mean that Freeport and some other miners could be allowed to keep exporting ore if they meet conditions including shifting from their current' contracts of work' to so-called' special mining permits', a move that could leave them liable to paying more in taxes.

Source: Reuters

UPDATE 3-Indonesia won't flood nickel market - minister

*Indonesia may export up to 5.2 mln T nickel ore- minister. *Freeport to convert to special mining permit- minister. *Freeport has to divest up to 51 pct, IPO being considered.

Source: Reuters

UPDATE 2-Indonesia may export up to 5.2 mln T nickel ore a year - minister

*Indonesia produces 17 mln T of nickel ore per year- minister. *Freeport to convert to special mining permit- minister. *Freeport has to divest up to 51 pct, IPO being considered.

Source: Reuters

UPDATE 1-Indonesian officials say miners' nickel ore exports "comparable" to smelter capacity

*Indonesia produces 17 mln T of nickel ore per year- minister. *Freeport to convert to special mining permit- minister. *Freeport has to divest up to 51 pct, IPO being considered.

Source: Reuters

UPDATE 2-Nickel smelters consider suing Indonesia after ore export ban U-turn

*Indonesia is prepared to face any lawsuit- official. JAKARTA, Jan 13- A major Chinese investor in Indonesia's smelter industry said on Friday it was considering legal action and would put on hold its expansion plans in the country, after the government abruptly reversed a ban on the export of nickel ore and bauxite. Virtue Dragon, which had invested up to 7 trillion...

Source: Reuters

UPDATE 1-Trump wades in on flap over L.L. Bean boycott threats

BOSTON, Jan 12- Donald Trump on Thursday tweeted his support of Maine catalog retailer L.L. Bean after an activist group opposed to the U.S. president-elect called for a boycott of the company. "Thank you to Linda Bean of L.L. Bean for your great support and courage," Trump said in a tweet early on Thursday. The "Grab Your Wallet" website added L.L. Bean, based in Freeport,...

Source: Reuters

UPDATE 2-Indonesia eases export ban on nickel ore, bauxite

*Rules open way for Freeport to continue exports. JAKARTA, Jan 12- Indonesia introduced new rules on Thursday that will allow exports of nickel ore and bauxite and concentrates of other minerals under certain conditions in a sweeping policy shift by the key global supplier. A ban on unprocessed ore exports was imposed in 2014 to spur higher value smelting...

Source: Reuters

Support for Donald Trump sparks fresh boycott talk at another retailer

President-elect Donald Trump sent out a Tweet thanking L.L Bean heiress Linda Bean for her support.

Source: CNBC.com

Trump wades in on flap over L.L. Bean boycott threats

BOSTON, Jan 12- Donald Trump on Thursday tweeted his support of Maine catalog retailer L.L. Bean after an activist group opposed to the U.S. president-elect called for a boycott of the company. "Thank you to Linda Bean of L.L. Bean for your great support and courage," Trump said in a tweet early Thursday. L.L. Bean scrambled to distance itself from Linda Bean's donations,...

Source: Reuters