Indonesia estimates value of Freeport unit two-thirds below offer

April 26, 2016

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Indonesia has proposed a value for a 10.64% stake in Freeport-McMoran’s local unit that is about two-thirds below the figure the company proposed in January.

Copper miner Freeport’s unit is valued at about $630-million and the US-based parent has been asked to revise its offer, an Indonesian mining ministry spokesperson said on Tuesday.

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