Greetings Contrarian,

This is The Next Big Rush, your daily drop of mining and energy investing news. Where we come together and… hold onto your beers, it's Friday! 🍺

Here are the highlights:

🙄 Massive Copper Producer At Risk

👏 Long Silver Intercept

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🙄 Massive Copper Producer At Risk

PT Freeport Indonesia, a subsidiary of Freeport-McMoran (NYSE: FCX), has not yet received a government permit to continue exporting its materials, which poses a risk of overcapacity at its storage facilities. Indonesia banned the export of raw minerals in June to boost its metals processing industry, but exempted certain companies, including Freeport.

However, the company's export permit expired on June 10, and it has not made any shipments since. Without the permit, Freeport's operational activities would be suspended, impacting overall operations and sales.

Freeport Indonesia produced a record 3 million tonnes of copper concentrate in 2022 and has transitioned to underground mining at its Grasberg mine, the world's second-largest copper operation.

👏 Long Silver Intercept

New Pacific Metals Corp. (TSX: NUAG) (NYSE American: NEWP), together with its local Bolivian partner, reports assay results of the final 18 drill holes from its 2023 Q1 drill program at its Carangas Silver-Gold Project, Bolivia.

Highlights:

183.2 m of 92 g/t Ag, 0.25% Pb and 0.46% Zn

298.04 m of 55 g/t Ag, 0.26% Pb and 0.47% Zn

182 m of 72 g/t Ag, 0.30% Pb and 0.59% Zn

A maiden resource estimate is expected in August 2023.

📰 In Other News:

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Happy Speculating!

The Editor

DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.