Freeport to Give up Majority Stake in Grasberg Mine-Shanghai Metals Market

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Freeport to Give up Majority Stake in Grasberg Mine

Industry News 11:34:25AM Aug 30, 2017 Source:SMM

SHANGHAI, Aug. 30 (SMM) - Freeport-McMoRan Inc. said it will give up its majority stake in the Grasberg copper and gold mine to end a long-running dispute with Indonesia.

Jiangxi Copper Releases Copper Products Output in 1H 2017, with Copper Cathode up 7.47 Per cent YoY

Freeport-McMoRan agreed to transfer to Indonesia a 51 percent stake in Grasberg, cutting its ownership to 49% from 90.64%. 

Freeport-McMoRan also agreed to build smelters in Indonesia, a goal of the country to increase value-added wealth from its mineral resources.

Copper Ore Output at World Top 10 Mining Firms Fall 11.7 Per cent YoY in First-Half Year

The article is edited by SMM and is provided for information purpose only. SMM assumes no liability and does not warrant the accuracy, reliability or completeness of information contained or quoted in the article, either express or limited. SMM further disclaims any liability for losses in connection with the information contained or quoted in the article. 

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.

Key Words:  copper mine  copper price  copper ore 

Freeport to Give up Majority Stake in Grasberg Mine

Industry News 11:34:25AM Aug 30, 2017 Source:SMM

SHANGHAI, Aug. 30 (SMM) - Freeport-McMoRan Inc. said it will give up its majority stake in the Grasberg copper and gold mine to end a long-running dispute with Indonesia.

Jiangxi Copper Releases Copper Products Output in 1H 2017, with Copper Cathode up 7.47 Per cent YoY

Freeport-McMoRan agreed to transfer to Indonesia a 51 percent stake in Grasberg, cutting its ownership to 49% from 90.64%. 

Freeport-McMoRan also agreed to build smelters in Indonesia, a goal of the country to increase value-added wealth from its mineral resources.

Copper Ore Output at World Top 10 Mining Firms Fall 11.7 Per cent YoY in First-Half Year

The article is edited by SMM and is provided for information purpose only. SMM assumes no liability and does not warrant the accuracy, reliability or completeness of information contained or quoted in the article, either express or limited. SMM further disclaims any liability for losses in connection with the information contained or quoted in the article. 

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.

Key Words:  copper mine  copper price  copper ore