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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

BT_20170928_KYFREEPORT28_3105202.jpg
From left: Mr Adkerson, Ms Indrawati and Mr Jonan before the start of a news conference at the Ministry of Energy and Mineral Resources in Jakarta on Aug 29.

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...

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