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Freeport surrenders Grasberg ground

After months of negotiations, Freeport-McMoRan has bowed to pressure from the Indonesian government over the massive Grasberg copper mine.

Freeport surrenders Grasberg ground Freeport surrenders Grasberg ground Freeport surrenders Grasberg ground Freeport surrenders Grasberg ground Freeport surrenders Grasberg ground

Freeport is expecting Grasberg to produce 1 billion pounds of copper and 1.6 million ounces of gold this year

 

The two parties reached an “understanding” on a framework to support long-term investment plans for Grasberg by Freeport’s 90.6%-owned subsidiary PT Freeport Indonesia (PT-FI).

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