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View all search resultsdivestment
Business 7 years ago
HoA with Freeport is big step, Jokowi argues against critics
President Joko “Jokowi” Widodo has called on the public not to underestimate the recent deal agreed between the government and US mining giant Freeport-McMoRan, which he believes is a breakthrough in the final stages toward divesting 51 percent of PT Freeport Indonesia's (PTFI) shares.
Business 7 years ago
A guide to understanding the Freeport divestment deal
On Thursday, four Indonesian ministers gathered to witness the signing of an agreement between state-owned mining holding group PT Indonesia Asahan Aluminium (Inalum) and Freeport-McMoran (FCX), the owner of PT Freeport Indonesia (PTFI).
Business 7 years ago
Freeport’s divestment deal worth $3.8 billion
The government inked on Thursday a heads of agreement (HoA) on a deal with United States mining giant Freeport-McMoran Inc (FCX) on the divestment of PT. Freeport Indonesia (PTFI), which operates the world’s largest gold mine called Grasberg.
Business 7 years ago
Freeport gets 1-month permit as divestment expected to end soon
The government approved on Wednesday a one-month special mining permit (IUPK) for PT Freeport Indonesia (PTFI), the local affiliate of American mining giant Freeport-McMoran, that expires on July 31, as the government aimed to complete the divestment of 51 percent of PTFI shares in mid-July.
Business 7 years ago
Freeport divestment to wrap up mid-July, says SOEs minister
State-Owned Enterprises (SOEs) Minister Rini Soemarno hinted on Saturday that state mining holding company Inalum's purchase of shares in gold and copper miner PT Freeport Indonesia (PTFI) was expected to be completed by mid-July.
