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Freeport gives up much of Grasberg

AFTER months of negotiations, Freeport-McMoRan has bowed to pressure from the Indonesian government over the massive Grasberg copper mine.

Kristie Batten
Freeport gives up much of Grasberg

The two parties reached an “understanding” on a framework to support long-term investment plans for Grasberg by Freeport’s 90.6%-owned subsidiary PT Freeport Indonesia (PT-FI). Under the agreement, Freeport...

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