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Freeport, Indonesia to end years of wrangling over mining rights

Agreement reached on long-term operating rights for PT Freeport Indonesia

Freeport can immediately apply for a 10-year permit extension to mine at Grasberg beyond 2021, says Indonesian Energy and Mineral Resources Minister Ignasius Jonan, and a second extension could be proposed before 2031.


INDONESIA on Tuesday agreed to let Freeport-McMoRan Inc keep operating its giant Grasberg copper mine, after the US company said it would cede control of its Indonesian unit, ending years of wrangling.

Freeport has been in talks with Indonesia since late 2009 to work out...