Freeport at loggerheads with Indonesia over divestment – letter

September 29, 2017

Responsive image

Freeport-McMoRan, the world’s second-largest publicly traded copper company, strongly disagrees with a proposed divestment plan by the government of Indonesia, according to a company letter reviewed by Reuters on Friday.

The September 28 letter to Indonesia’s finance ministry reflects persistent and deep divisions between Freeport and the state, which have weighed on the miner’s stock and operations, despite a framework agreement announced in late August.

Category: General