🧐 ProPicks AI October update is out now! See which stocks made the listPick Stocks with AI

BRIEF-Freeport, Indonesia "highly motivated" on Grasberg deal

Published 26/10/2017, 02:14 am
© Reuters.  BRIEF-Freeport, Indonesia "highly motivated" on Grasberg deal
RIO
-
RIO
-
HG
-

Oct 25 (Reuters) -

* Freeport FCX.N sees "significant" deficits for copper in future, Chief Executive Richard Adkerson

* Freeport-McMoRan CEO says both company and Indonesia government are "highly motivated" to come to agreement on Grasberg mine contract

* In discussions with Indonesian government, Freeport is insisting on maintaining operational control of the Grasberg mine, CEO says

* Freeport, Indonesia government are "actively" involved in producing documentation required for the framework agreement reached - Freeport CEO

* Freeport CEO says goal is to work cooperatively with Indonesia government, wants to avoid going to arbitration over Indonesia contract

* Freeport CEO says will not concede to "unreasonable" demands from Indonesian government, will relentlessly represent shareholders

* Freeport CEO says goal is to reach a "comprehensive and final" agreement with Indonesia by year-end

* Freeport's stake in Indonesia unit, PT-FI, will drop to around 29 pct after joint venture agreement with Rio Tinto RIO.AX RIO.L , divestiture to government take effect - Freeport CEO

* Freeport CEO says in talks with Indonesian group PT Amman Mineral Internasional on becoming partner in smelter that Amman may build

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.