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Indonesia puts total value of acquisitions under Freeport deal at USD3.85 bn

Indonesia's State-Owned Enterprises Minister Rini Soemarno said on Thursday state mining company PT Inalum will pay $3.85 billion to acquire a majority stake in the local unit of Freeport-McMoRan Inc.


Reuters 12 Jul 2018, 10:25 AM Indonesia

Indonesia's State-Owned Enterprises Minister Rini Soemarno said on Thursday state mining company PT Inalum will pay $3.85 billion to acquire a majority stake in the local unit of Freeport-McMoRan Inc.

She made the comments after Inalum and Freeport signed a heads of agreement that will give Indonesia control of the Grasberg mine, the world's second-biggest copper mine. 

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

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