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Bloomberg: Freeport McMoRan to sign Grasberg mine deal tomorrow

2018-07-12 05:42    Investing

Bloomberg: Freeport McMoRan to sign Grasberg mine deal tomorrow Stock News

© Reuters. Bloomberg: Freeport McMoRan to sign Grasberg mine deal tomorrow
  • Freeport McMoRan (NYSE:FCX) is set to sign an agreement on its Grasberg copper and gold mine in Indonesia at a ceremony in Jakarta tomorrow afternoon, Bloomberg reports.
  • FCX and the Indonesian government have been discussing the company’s long-term presence in the country for more than a year in a process that has seen numerous ups and downs.
  • Earlier this month, Indonesian officials said they were close to a nearly $4B deal that would include stakes held by FCX, Rio Tinto (NYSE:RIO) and state-owned Inalum.
  • Now read: The Curious Case Of Freeport-McMoRan


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