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Freeport eyes rare Indonesia win

Phoenix-headquartered miner Freeport McMoran could be off the hook for building a US$3 billion government-mandated copper smelter in Indonesia (PTFI) after China's Tsingshan Steel reportedly stepped in to build a smaller facility at its Weda Bay nickel operations.

Freeport eyes rare Indonesia win Freeport eyes rare Indonesia win Freeport eyes rare Indonesia win Freeport eyes rare Indonesia win Freeport eyes rare Indonesia win

The Freeport McMoran-operated Grasberg mine in Indonesia

If the Tsingshan deal - reported by Asia Times on Monday - goes ahead, Freeport subsidiary PT-FI would only have to expand its existing smelter at Gresik by 0.

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