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Indonesia and Freeport Set to End Grasberg Wrangling With Accord

Danielle Bochove, Eko Listiyorini
Indonesia and Freeport Set to End Grasberg Wrangling With Accord

Indonesia and Freeport-McMoRan Inc. are expected to end more than a year of wrangling over ownership of the giant Grasberg copper and gold mine, with an accord slated to be signed in Jakarta later in the day. Riza Pratama, a spokesman for Freeport’s local unit, declined to confirm that the signing will take place. For more than a year, Indonesia and Freeport have been discussing the company’s long-term presence in the country, in a process that’s been peppered by reports of progress followed by setbacks.