Freeport may sell stake in Grasberg Mine to Indonesian province

Dec 16, 2009 | 08:26 AM |

Freeport-McMoRan Copper & Gold Inc. is in talks with the Indonesian provincial government of Papua over the possible sale of a 9.36-percent stake in its majority-owned subsidiary, PT Freeport Indonesia.

The stake is currently held by PT Indocopper Investama Corp., a wholly owned subsidiary of Phoenix-based Freeport. The Indonesian government also owns 9.36 percent of the unit.....

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