Reuters logo
Indonesia plans to acquire Rio Tinto interest in Freeport Indonesia mine
December 5, 2017 / 8:00 AM / 9 days ago

Indonesia plans to acquire Rio Tinto interest in Freeport Indonesia mine

JAKARTA, Dec 5 (Reuters) - Indonesia plans to acquire Rio Tinto’s 40 percent participating interest in the giant Grasberg copper mine operated by the local unit of Freeport-McMoRan Inc, mining minister Ignasius Jonan said on Tuesday.

Indonesia plans in 2018 to complete the acquisition of Rio’s interest in the mine, as well as the purchase of a 51 percent stake in Freeport Indonesia by the state-owned enterprise ministry and other government units, Jonan said.

The government expects a written agreement on the matter in the near term, he said. (Reporting by Wilda Asmarini; Writing by Fergus Jensen; Editing by Tom Hogue)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below