|Bid||2,270.00 x 0|
|Ask||2,280.00 x 0|
|Day's Range||2,240.00 - 2,290.00|
|52 Week Range||1,810.00 - 2,840.00|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||2,824.70|
Indonesia has transferred controlling stakes in three state-run mining companies and a 9.36 percent stake in the local unit of Freeport-McMoRan Inc to a holding company under state-owned aluminium producer PT Indonesia Asahan Aluminium (Inalum). Inalum has been nominated by the government as a holding to company as part of its plan to acquire a 41.64 percent stake in Freeport Indonesia, which would take its total stake to 51 percent. State Owned Enterprise Minister Rini Soemarno signed a deed of transfer to Inalum for a 65 percent stake in PT Aneka Tambang Tbk (Antam), a 65.02 percent stake in PT Bukit Asam Tbk , a 65 percent stake in PT Timah Tbk and the government's existing PT Freeport Indonesia stake, the state-owned enterprise ministry said on Tuesday.
Indonesia's Ministry of State-Owned Enterprises, tipped to oversee an acquisition of a majority stake in the local unit of Freeport-McMoRan Inc (FCX.N), has "no clear structure" yet for the deal, a ministry official said on Friday. Under a framework agreement announced in August, Phoenix, Arizona-based Freeport said it would divest 51 percent of PT Freeport Indonesia (PT-FI), but there has been little progress since then. Freeport, operator of Grasberg, the world's second-largest copper mine, also agreed to build a second smelter in Indonesia and to invest up to $20 billion (£15 billion) in expansions.
* Government yet to accommodate Rio Tinto interest - dep. JAKARTA, Nov 24 (Reuters) - Indonesia's Ministry of State-Owned Enterprises, tipped to oversee an acquisition of a majority stake in the local unit of Freeport-McMoRan Inc , has "no clear structure" yet for the deal, a ministry official said on Friday.
The dispute engulfing the world’s second-biggest copper mine deepened as Indonesia’s government said it planned to take a majority stake in the local unit of owner Freeport-McMoRan Inc. within two years ...