Sale of Rio's PT-FI stake to government would be ideal, Freeport CEO says

The sale of Rio Tinto’s stake in the giant Grasberg mine to the government of Indonesia would be an ideal outcome for Freeport-McMoRan, the company's top executive said.

Such a sale would reduce the size of the stake in its PT-Freeport Indonesia subsidiary (PT-FI) that Freeport has to sell to the government - a separate negotiation that is currently being discussed, Richard Adkerson said, speaking at the BMO Capital Markets conference in Hollywood, Florida. “While those are negotiations between [Rio Tinto and...

Published

Andrea Hotter

February 26, 2018

23:09 GMT

New York