indonesia copper mine

indonesia copper mine

Indonesia to grab Rio Tinto stake in Grasberg mine | MININGDec 5, 2017 . After pumping billions into the Indonesian mine for almost 25 years, Rio might be able to see a decent return as the country's government plans to acquire the miner's 40% stake in the coveted operation.Rio Tinto wants out of Grasberg now | MININGOct 22, 2017 . New report says Rio talking to Indonesian groups to sell interest in giant copper, gold mine – Freeport still at loggerheads with Jakarta about stake sale.

Indonesia sets framework for Freeport to yield control of Grasberg .Jan 12, 2018 . Indonesian authorities inked Friday a deal with state-owned holding Asahan Aluminum, or Inalum, which sets a framework for Freeport-McMoRan (NYSE:FCX) to transfer control of its massive Grasberg copper and gold mine as agreed last year. The country and the Phoenix, Arizona-based miner had.Grasberg mine - WikipediaThe Grasberg Mine is the largest gold mine and the second largest copper mine in the world. It is located in the province of Papua in Indonesia near Puncak Jaya, the highest mountain in Papua. It has 19,500 employees. It is mostly owned by Freeport-McMoRan (FCX), which owns 90.64% of PT Freeport Indonesia (PT-FI),.

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Indonesia and Freeport close in on copper mine deal - Financial Times

Dec 15, 2017 . Indonesia and the US mining company Freeport-McMoran are edging closer to a deal that will mean a state-owned group taking a majority stake in Grasberg, the world's second-biggest copper mine. After months of tense negotiations, the two sides are set to publish a memorandum of understanding before.

Indonesia to grab Rio Tinto stake in Grasberg mine | MINING

Dec 5, 2017 . After pumping billions into the Indonesian mine for almost 25 years, Rio might be able to see a decent return as the country's government plans to acquire the miner's 40% stake in the coveted operation.

Rio Tinto wants out of Grasberg now | MINING

Oct 22, 2017 . New report says Rio talking to Indonesian groups to sell interest in giant copper, gold mine – Freeport still at loggerheads with Jakarta about stake sale.

indonesia copper mine,Indonesia Expects 2018 Deal With Freeport on Giant Copper Mine .

Nov 28, 2017 . Indonesia expects to conclude a deal with Freeport-McMoRan Inc. by February that will see the U.S. miner shed its majority ownership of the giant Grasberg copper and gold mine. The basic structure of the deal may be in place by the end of the year and signed by February, State-Owned Enterprises.

Freeport to Give Indonesia a Majority Stake in Its Grasberg Mine .

Aug 29, 2017 . JAKARTA, Indonesia — Though located in Indonesia, one of the world's most valuable chunks of land has long been owned by Americans. Called the Grasberg mine, it represents a vast store of copper and gold ore extracted through a vast open pit one-third of a mile deep. On Tuesday, in one of the most.

What's next in store for Indonesia's Grasberg mine? - Mining .

Dec 7, 2017 . Viewed from above, Grasberg mine stands out amidst Indonesia's Sudirman mountains, akin to an indentation made by a giant power drill. Sitting at an altitude of 14,000ft, amid snow-topped highlands and misty peaks, the surrounding area of the Papua province is one of undeniable beauty. Nonetheless.

indonesia copper mine,Freeport to Give Up Majority Stake in Indonesia's Grasberg Mine - WSJ

Aug 29, 2017 . The U.S.-based mining company said it would cut its ownership in the giant Grasberg copper and gold mine to 49%, ending a long-running dispute with Indonesia.

Bloomberg: Freeport nears deal with Indonesia for Grasberg mine .

Dec 15, 2017 . Freeport McMoRan (NYSE:FCX) and Indonesia's government may sign a new agreement as soon as this weekend that will determine a path for the transfer of majority ownership of the Grasberg copper and gold mine to a local firm, Bloomberg reports. Under the new deal, state-owned Inalum would seek to.

Policeman Killed at Freeport's Copper Mine in Indonesia | INN

Oct 23, 2017 . Six police have been wounded and one killed in shootings at Freeport-McMoRan's (NYSE:FCX) Grasberg mine in Indonesia, Reuters reported on Monday (October 23). According to the police, the shootings were led by a separatist group that was looking to disrupt operations at the world's second-largest.

Grasberg Mine, Gunung Bijih District (Grasberg District), Carstensz .

Grasberg Mine, Gunung Bijih District (Grasberg District), Carstensz Mts, New Guinea, Papua Province, Western New Guinea (Irian Jaya), Indonesia : Gigantic porphyry copper-gold deposit. Reserves of 1.7 billion tonnes of ores grading at 1.1% Cu and 1.2 g/t Au. The largest gold mine and the third largest copper mine in the.

Freeport Evacuating Indonesian Mine Worker Families After .

Nov 17, 2017 . A member of the Indonesian Red Cross (R) assists evacuees from villages authorities said had been occupied by armed separatists, near the Grasberg copper mine operated by Freeport McMoRan Inc, in Timika, Mimika, Papua province, Indonesia November 17, 2017. REUTERS/Muhammad Yamin.

Special Report: Grasberg mine talks signal Indonesia's .

Oct 21, 2017 . Despite some issues concerning the Indonesian government's divestment plans for the province of Papua's Grasberg mine, there are growing signs that Indonesia will get its way. Nevertheless, Indonesia's ruthless treatment of Freeport will alert future investors. This year has been unforgiving to Freeport.

Indonesia evacuates villagers after shootings near Freeport copper .

Nov 17, 2017 . Indonesia evacuates villagers after shootings near Freeport copper mine. Indonesia on Friday began evacuating villages that authorities said had been occupied by armed separatists after a string of shootings near a huge copper mine operated by Freeport McMoRan Inc. FILE PHOTO: Trucks operate in.

Topic - Grasberg Mine - Mining Weekly

By: Bloomberg 4th April 2017 Indonesia has issued a temporary mining license to Freeport-McMoRan Inc.'s local unit that will allow the company to resume concentrate exports from the world's second-largest copper mine at Grasberg after a gap of about 12 weeks. The permit is valid for eight months from the time that the.

Freeport warns Indonesia copper mine workers as Grasberg strike .

[JAKARTA] Copper miner Freeport-McMoRan Inc warned on Friday it would punish workers for absenteeism at its Indonesian unit, a day after one of its main unions announced plans to go on a one-month strike over employment conditions. Tensions are rising around Grasberg, the world's second-biggest copper mine, after.

Grasberg - Rio Tinto

Grasberg, located in the province of Papua in Indonesia, is one of the world's largest copper and gold mines in terms of ore reserves and production. It is owned and operated by Freeport Indonesia (PTFI), a subsidiary of US-based Freeport-McMoRan Copper & Gold Inc. (FCX). Rio Tinto has a joint venture with FCX for a 40.

Freeport to Give Up Majority Stake in Grasberg Mine Under Deal .

Aug 29, 2017 . JAKARTA, Indonesia--U.S.-based mining company Freeport-McMoRan Inc. (FCX) said it will give up its majority stake in the giant Grasberg copper and gold mine to end a long-running dispute with Indonesia, cutting its ownership to 49% from 90.64%.

US Mining Giant Takes on Indonesian Government over Mine .

Sep 30, 2017 . Freeport-McMoRan Inc, the US-based mining giant, has come out swinging publicly against plans by the Indonesian government to take over a controlling interest in its Grasberg Mine, the world's largest gold mine and the second largest copper mine, located on high on the side of a remote mountain in the.

Why Indonesia - Southern Arc Minerals

Indonesia hosts numerous large mineral deposits, including Newmont's Batu Hijau copper-gold mine and Freeport's giant Grasberg copper-gold mine. Grasberg produced 1.22 billion pounds of copper and1.79 million ounces of gold in 2010, making it the world's largest gold mine and third largest copper mine. Newmont's.

Indonesia's Ore Export Ban and its Impact on Freeport-McMoRan's .

Nov 15, 2017 . Freeport-McMoRan's Grasberg mine has been operating since 1972, represents 73% of Indonesia's copper production, is one of the country's largest taxpayers, and produced 1/5th of Freeport's $14.8B in revenue in 2016[10]. The political uncertainty and threat of an export ban posed considerable risk if.

Rio Tinto in talks to sell stake in Grasberg mine to Indonesia

Jan 26, 2018 . Rio Tinto is in talks to sell its 40 per cent future interest in the controversial Grasberg copper and gold mine to the Indonesian government, in what the head of mine operator Freeport McMoRan says called the most likely outcome.

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