Sale of Rio's PT-FI stake to government would be ideal, Freeport CEO says

By Andrea Hotter / February 26, 2018 / www.metalbulletin.com / Article Link

The sale of Rio Tinto's stake in the giant Grasberg mine to the government of Indonesia would be an ideal outcome for Freeport-McMoRan, the company's top executive said.

Such a sale would reduce the size of the stake in its PT-Freeport Indonesia subsidiary (PT-FI) that Freeport has to sell to the government - a separate negotiation that is currently being discussed, Richard Adkerson said, speaking at the BMO Capital Markets conference in Hollywood, Florida. "While those are negotiations between [Rio Tinto and...

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