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.

Freeport McMoRan (NYSE:FCX) +0.4% in Tuesday's trading, paring earlier gains, after edging past expectations for Q3 adjusted earnings, with revenues that were boosted by copper and gold sales volumes that exceeded previous estimates.

Miner Freeport-McMoRan reported a third-quarter profit on Tuesday that beat analysts' estimates as higher copper prices helped offset a drop in production. Average copper prices rose in the quarter on signs of better demand in top consumer China,

Indonesian President Prabowo Subianto has announced his Cabinet hours after he was inaugurated. The lineup of 109 ministers, vice ministers and head of national agencies was announced late Sunday.

Indonesian President Prabowo Subianto's new cabinet consists of a mix of professional and political appointees with some names remaining on the job after serving for Prabowo's predecessor, Joko Widodo.

JAKARTA (Reuters) - Indonesia's new President Prabowo Subianto will take his cabinet members on a three-day retreat at a military academy nestled in a Javanese mountain range, where they will sleep in tents, an unusual start for a government in the Southeast Asian country.