Freeport cedes Grasberg mine to Indonesia in $3.9b deal

Freeport
Grasberg copper and gold mine, Indonesia. Visual from Freeport-McMoRan Inc website. October 2015

After more than a year of wrangling, Freeport-McMoRan Inc. agreed to cede majority control of its giant Grasberg copper and gold mine to Indonesia in a deal valued at $3.85 billion.

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