Freeport McMoran offers to divest 10.64% in Indonesia unit for $1.7b

Freeport McMoran offers to divest 10.64% in Indonesia unit for $1.7b

Surface coal mining Credit: Wikimedia Commons

US-based natural resources major Freeport McMoran Inc. (FCX) has officially offered to divest 10.64 per cent stake in its unit PT Freeport Indonesia (FI) for a consideration of $1.7 billion, said a senior Indonesia government official on Thursday.

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