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Freeport and Indonesia Take Baby Steps on Grasberg Impasse

Mark O'Hara
Freeport and Indonesia Take Baby Steps on Grasberg Impasse

Last week, Freeport-McMoRan (FCX) announced a “Heads of Agreement with the Indonesian state-owned enterprise PT Indonesia Asahan Aluminium (Inalum) and PT Freeport Indonesia’s (or PT-FI) joint venture partner Rio Tinto.” The agreement was preceded by a “Framework” that Freeport announced in August 2017.