Freeport-McMoRan is in talks with a group led by the Indonesian government to negotiate and create documentation for the divestment of a stake in its Grasberg project interests, the company said.
The parties have a mutual objective of completing negotiations and the required documentation during the first half of 2018, Freeport added.Freeport operates the Grasberg copper and gold mine through its 90.64%-owned and consolidated subsidiary PT-Freeport Indonesia (PT-FI) and has agreed to a process that will...