Indonesia to sign record deal to gain control of the world's second-largest copper mine

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Indonesia to sign record deal to gain control of the world's second-largest copper mine

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File photo of trucks operating in the open-pit mine of Freeport's Grasberg copper and gold mine complex near Timika, in the eastern region of Papua, Indonesia.
File photo of trucks operating in the open-pit mine of Freeport's Grasberg copper and gold mine complex near Timika, in the eastern region of Papua, Indonesia.
Vehicles used for transporting workers to the Grasberg copper mine are seen at the Gorong-Gorong terminal in Timika, Mimika, Papua province, on Nov 16, 2017.
Veh icles used for transporting workers to the Grasberg copper mine are seen at the Gorong-Gorong terminal in Timika, Mimika, Papua province, on Nov 16, 2017.
Published3 hours ago

JAKARTA - Indonesia is set to acquire a majority stake in the world's second-biggest copper mine.

All paperwork is complete for the Indonesian government to sign a final agreement to acquire a majority stake in the Grasberg copper mine in Papua province, a source familiar with the transaction told The Straits Times.

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Topics:
  • INDONESIA
  • MINING SECTOR

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Source: Google News Indonesia | Netizen 24 Indonesia

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