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,