Currently viewing Global edition

Indonesia closes US$3.85b Freeport deal

Freeport-McMoRan (NYSE:FCX) said Friday the years-long negotiations to give Indonesia a majority stake in the world’s second-biggest copper-gold mine have closed.

Indonesia closes US$3.85b Freeport deal Indonesia closes US$3.85b Freeport deal Indonesia closes US$3.85b Freeport deal Indonesia closes US$3.85b Freeport deal Indonesia closes US$3.85b Freeport deal

Following years of tense negotiations, Indonesia has secured a majority stake in the Grasberg mine

This gives the Phoenix, Arizona-based miner and its Indonesia-focused subsidiary PT Freeport Indonesia's (PT-FI) increased clarity and stability on Grasberg out to 2041, when its new licence will