Freeport MOU Extends Grasberg Rights And Refocuses Long Term Copper Story
Freeport McMoRan (NYSE:FCX) has signed a Memorandum of Understanding with the Indonesian government to extend operating rights for PT Freeport Indonesia in the Grasberg minerals district. The MOU covers amendments to mining licenses, expanded community support and exploration, a stronger focus on domestic downstream processing, and a future share transfer to Indonesia. The agreement is intended to secure Freeport McMoRan's long term presence at one of the world's key copper and gold...
Freeport McMoRan (NYSE:FCX) has signed a Memorandum of Understanding with the Indonesian government to extend operating rights for PT Freeport Indonesia in the Grasberg minerals district. The MOU covers amendments to mining licenses, expanded community support and exploration, a stronger focus on domestic downstream processing, and a future share transfer to Indonesia. The agreement is intended to secure Freeport McMoRan's long term presence at one of the world's key copper and gold...