Indonesia lays foundation for transfer of Grasberg copper mine to local control

Freeport
Processing facilities stand at Freeport McMoRan Inc.'s Grasberg copper and gold mining complex in Papua province, Indonesia, on Wednesday, April 22, 2015. Photographer: Dadang Tri/Bloomberg

Indonesian regional and central government officials on Friday signed an agreement with state holding company PT Inalum that lays the foundation for the transfer of Freeport-McMoRan Inc’s giant Grasberg copper mine to local control.

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