Freeport in talks to divest Grasberg stake to Indonesian group

Freeport-McMoRan is in talks with a group led by the Indonesian government to negotiate and create documentation for the divestment of a stake in its Grasberg project interests, the company said.

The parties have a mutual objective of completing negotiations and the required documentation during the first half of 2018, Freeport added. Freeport operates the Grasberg copper and gold mine through its 90.64%-owned and consolidated subsidiary PT-Freeport Indonesia (PT-FI) and has agreed to a process that will...

Published

Andrea Hotter

January 25, 2018

14:45 GMT

New York