© Reuters. Bloomberg: Freeport McMoRan to sign Grasberg mine deal tomorrow
- Freeport McMoRan (NYSE:) is set to sign an agreement on its Grasberg and gold mine in Indonesia at a ceremony in Jakarta tomorrow afternoon, Bloomberg reports.
- FCX and the Indonesian government have been discussing the company’s long-term presence in the country for more than a year in a process that has seen numerous ups and downs.
- Earlier this month, Indonesian officials said they were close to a nearly $4B deal that would include stakes held by FCX, Rio Tinto (NYSE:) and state-owned Inalum.
- Now read: The Curious Case Of Freeport-McMoRan