Indonesia's Freeport victory sets tone for foreign miners
US giant agrees to give up majority ownership of Grasberg mine; final deal is still to be negotiated
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Jakarta
FOR many Indonesians, investment banker-turned-minister Ignasius Jonan is the man who made trains run on time.
Months after being handed the mining portfolio, the minister notched up a bigger victory; securing majority local ownership of Grasberg - one of the world's biggest gold and copper mines - following months of difficult negotiations with US giant Freeport-McMoRan Inc.
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