JAKARTA – Indonesia is set to acquire a majority stake in the world’s second-biggest copper mine. All paperwork is complete for the Indonesian government to sign a final agreement to acquire a
The US$3.85 billion (S$5.3 billion) deal will allow Indonesia to own a 51 per cent stake of the Grasberg mine, the world’s second-largest copper mine which also produces gold. It currently owns
Dec 15, 2017 · Indonesia and Freeport-McMoRan Inc. may sign a new agreement as soon as this weekend that will lay out a road-map for the transfer of majority ownership of the giant Grasberg mine to a …
Shares in Freeport McMoRan Inc (NYSE:FCX) took a hit Friday following news that the President of Indonesia has pressed the world’s second largest copper miner to wrap-up a deal in which the
The world’s biggest publicly listed copper miner also agreed to build a smelter in Indonesia within five years, according to Energy Minister Ignasius Jonan. Grasberg is the world’s largest gold mine and the third largest copper mine in the Indonesian province of Papua.
(Bloomberg) — Indonesia expects to conclude a deal with Freeport-McMoRan Inc. by February that will see the U.S. miner shed its majority ownership of the giant Grasberg copper and gold mine.
Mar 30, 2017 · Freeport McMoRan Inc’s Indonesian unit is close to reaching a deal that will allow the mining giant to temporarily resume copper concentrate exports from its Grasberg mine in Papua, Indonesia…
Dec 14, 2016 · Exports from the world’s second-largest copper mine in Indonesia are under threat as a government ban on overseas concentrate shipments is scheduled to …
Copper prices hung onto the mild gains made so far this week on Friday, supported by the threat of a labor strike at a mine in Indonesia. The price of copper ticked 0.06% higher to $5,718.50 a ton
Indonesia is fortunate to be endowed with vast mineral wealth. The country is the world’s second largest producer of tin and nickel and, in 2009, according to the USGS, was the world’s fourth
The Grasberg mine is the world’s largest gold mine and third-largest copper mine. Around 24,000 workers are employed by Freeport Indonesia at this mine site. After the September accident, mining activities at the Grasberg mine ceased for two days as authorities investigated the accident and forced the miner to enhance safety policies.