Freeport to Give Up Majority Stake in Grasberg Mine Under Deal With Indonesia – Fox Business
Indonesia Investments |
Freeport to Give Up Majority Stake in Grasberg Mine Under Deal With Indonesia
Fox Business JAKARTA, Indonesia–U.S.-based mining company Freeport-McMoRan Inc. (FCX) said it will give up its majority stake in the giant Grasberg copper and gold mine to end a long-running dispute with Indonesia, cutting its ownership to 49% from 90.64%. Freeport agrees to sell majority stake in Indonesian mining unitNikkei Asian Review Indonesia reaches agreement with Freeport on new mining permit for GrasbergNasdaq |