Deals
Indonesia Says $4 Billion Grasberg Deal May Be Signed This Week
- Necessary documents being finalized, enterprises minister says
- Talks between Grasberg, Rio Tinto and state-owned Inalum
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Indonesia confirmed it’s closer to reaching an almost $4 billion agreement to take control of Freeport-McMoran Inc.’s giant Grasberg copper and gold mine after more than a year of negotiations.
Talks between state-owned PT Indonesia Asahan Aluminium, known as Inalum, Freeport and Rio Tinto Group have been completed and an agreement could be signed as early as this week, Indonesia’s State-Owned Enterprises Minister Rini Soemarno and Deputy Minister Fajar Harry Sampurno said on Saturday. On Monday, Freeport shares fell along with copper prices.