Indonesia's Inalum secures $5.2b financing for Freeport deal

Indonesia's Inalum secures $5.2b financing for Freeport deal

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

Indonesia’s state-owned miner Inalum has secured $5.2 billion in financing from 11 foreign and local banks, according to sources with knowledge of the matter, to be used in part to buy a majority stake in the Grasberg copper mine.

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