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BRIEF-Freeport-Mcmoran Announces Completion Of Transaction With Government Of Indonesia

Published 21/12/2018, 11:58 pm
© Reuters.  BRIEF-Freeport-Mcmoran Announces Completion Of Transaction With Government Of Indonesia

Dec 21 (Reuters) - Freeport-McMoRan Inc FCX.N :

* FREEPORT-MCMORAN ANNOUNCES SUCCESSFUL COMPLETION OF TRANSACTION WITH THE GOVERNMENT OF INDONESIA, MARKING THE BEGINNING OF A NEW PARTNERSHIP

* FREEPORT-MCMORAN INC - GOVERNMENT OF INDONESIA HAS GRANTED PT-FI A NEW SPECIAL MINING LICENSE (IUPK) TO REPLACE PT-FI'S CONTRACT OF WORK

* FREEPORT-MCMORAN INC - SEES SHARE OF FUTURE CASH FLOWS OF EXPANDED PT-FI ASSET BASE TO BE COMPARABLE TO ITS SHARE OF ANTICIPATED FUTURE CASH FLOWS

* FREEPORT-MCMORAN INC - PT-FI CAN CONDUCT OPERATIONS IN GRASBERG MINERALS DISTRICT THROUGH 2041

* FREEPORT - UNDER TERMS OF IUPK, PT-FI HAS BEEN GRANTED AN EXTENSION OF MINING RIGHTS THROUGH 2031, WITH RIGHTS TO EXTEND MINING RIGHTS THROUGH 2041

* FREEPORT-MCMORAN INC - FCX'S ECONOMIC INTEREST IN PT-FI IS EXPECTED TO APPROXIMATE 81.28 PERCENT THROUGH 2022

* FREEPORT-MCMORAN INC - PT-FI HAS COMMITTED TO CONSTRUCT A NEW SMELTER IN INDONESIA WITHIN FIVE YEARS OF CLOSING OF TRANSACTION

* FREEPORT-MCMORAN - ECONOMICS FOR PT-FI'S SHARE OF NEW SMELTER WILL BE BORNE BY PT-FI'S SHAREHOLDERS ACCORDING TO RESPECTIVE OWNERSHIP PERCENTAGES

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