Freeport-McMoRan Grasberg Deal Reshapes Long Term Risk And Reward
Freeport-McMoRan (NYSE:FCX) has secured a long term extension of its Indonesian mining rights at the Grasberg copper and gold complex. The new agreement includes increased community investment commitments in the surrounding region. The deal also revises the mine's ownership structure and governance arrangements in coordination with the Indonesian government. For investors watching NYSE:FCX, this agreement relates directly to the future of one of the company’s key assets. The stock closed at...
Freeport-McMoRan (NYSE:FCX) has secured a long term extension of its Indonesian mining rights at the Grasberg copper and gold complex. The new agreement includes increased community investment commitments in the surrounding region. The deal also revises the mine's ownership structure and governance arrangements in coordination with the Indonesian government. For investors watching NYSE:FCX, this agreement relates directly to the future of one of the company’s key assets. The stock closed at...