Freeport, Indonesia close to divestment deal

Indonesia Investment Minister Rosan Roeslani said he expects the government to soon sign a deal with Freeport-McMoRan, which will give a local partner a 12% stake in its Indonesian unit, PT Freeport Indonesia, reported Reuters. State-owned holding company MIND ID owns 51% of PT Freeport Indonesia, which runs operations at the Grasberg minerals district. “This is just an administrative process…

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Freeport delivers first copper to new Indonesia smelter

PT Freeport Indonesia (PTFI) recently said it launched delivery of its first-ever shipment of copper concentrate to its new smelter in the Java Integrated Industrial and Port Estate (JIIPE) special economic zone (KEK) in Gresik, East Java Province. The delivery from the Amamapare Port in Mimika Regency, Central Papua Province, arrived 14 June. The new PTFI smelter began operating this…

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