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Freeport to reap US$5.1 billion from Grasberg

Freeport-McMoRan (US:FCX) investors will end up with more cash in their pockets and strong expansion prospects after the sale of the majority stake in Grasberg, according to a new RBC report.

Alex Hamer
Roads and trucks included: Freeport and the Indonesian government cannot agree on a price for Grasberg, which the US company will keep running

Roads and trucks included: Freeport and the Indonesian government cannot agree on a price for Grasberg, which the US company will keep running

The Indonesian government is forcing Freeport to sell up after years of back and forth about in-country beneficiation, although the US company will likely stay operator of the mine as it moves to a block...

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