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View all search resultsFreeportIndonesia
Business 7 years ago
Indonesia officially controls 51.23 percent of Freeport shares: Jokowi
President Joko “Jokowi” Widodo announced on Friday that Indonesia became the majority owner of PT Freeport Indonesia (PTFI) after increasing its share ownership from 9.36 percent to 51.23 percent through a US$3.85 billion deal.
Business 7 years ago
Freeport obtains antitrust permits from Japan, South Korea
Gold and copper miner PT Freeport Indonesia (PTFI) has obtained antitrust permits from Japan and South Korea required for the entry of state mining holding company PT Indonesia Asahan Aluminium (Inalum), which will control a major stake in PTFI.
Business 7 years ago
Freeport gets another monthly permit extension
The government has issued another temporary permit extension for gold and copper miner PT Freeport Indonesia as the divestment process of shares from Freeport-McMoran (FCX) to state-owned mining holding company PT Indonesia Asahan Aluminium (Inalum) is still incomplete.
Business 7 years ago
Freeport divestment to be completed by end of this year: Jokowi
President Joko “Jokowi” Widodo has expressed optimism that the transfer of the 51.23 percent stake in gold and copper miner PT Freeport Indonesia’s (PTFI) to state-owned mining holding company PT Indonesia Asahan Aluminium (Inalum) can be completed by the end of the year.
Business 7 years ago
Freeport shifts focus to smelter construction after reaching divestment deal
After reaching a divestment deal on Thursday, gold and copper miner PT Freeport Indonesia (PTFI) will now focus on a smelter construction plan, which is required for the company to obtain the special mining permit (IUPK) that is needed to operate the Grasberg gold and copper mine in Papua.
