Indonesia and Freeport Reach Agreement over New Mining Permit for Grasberg Mine

Aug 29, 2017 14:57

Source:SMM

Indonesia has reached an agreement with Freeport-McMoRan Inc on Tuesday to allow the company to continue operating its Grasberg copper-gold mine in the country.

SHANGHAI, Aug. 29 (SMM) –Indonesia has reached an agreement with Freeport-McMoRan Inc on Tuesday to allow the company to continue operating its Grasberg copper-gold mine in the country.

Barclays Expects Copper Prices to Severely Soften in Late 2017

But, Freeport needs to divest 51% stake in the mine.

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Grasberg Mine

Indonesia

Freeport

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Indonesia and Freeport Reach Agreement over New Mining Permit for Grasberg Mine

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