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Freeport Indonesia Gropes Pocket US$1B to Dig Grasberg Underground Mine

JAKARTA (TheInsiderStories) - A local miner, PT Freeport Indonesia (PTFI) grope pocket over US$1 billio to dig underground mine in Grasberg, Papua. To increase the...

Freeport Indonesia Asks for 300 Thousand Tons Export Quota Addition

JAKARTA (TheInsiderStories) - Gold and copper miner, PT Freeport Indonesia (PTFI) proposed an additional quota of concentrate production of 200-300 thousand tons, this is...

Freeport Indonesia to Invest US$15B until 2041

JAKARTA (TheInsiderStories) – Gold and copper miner, PT Freeport Indonesia (PTFI) plans to increase the investment value of US$15 billion in Grasberg underground mining...

Freeport Indonesia Promises to Build Copper Smelter in 2020

JAKARTA (TheInsiderStories) - PT Freeport Indonesia (PTFI) is aiming to start construction of a copper smelter in 2020, PTFI President Director Tony Wenas told reporters...

Former Indonesian Minister Accused There is a Fraud on Freeport Deal

JAKARTA (TheInsiderStories) - Former Indonesian Minister of Energy and Mineral Resources, Sudirman Said, accused there is a fraud on the PT Freeport Indonesia (PTFI)...

Freeport Indonesia Estimated to Generate Profit of US$2B by 2022

JAKARTA (TheInsiderStories) - Gold and copper miner, PT Freeport Indonesia (PTFI) is predicted to generate a profit of US$2 billion in 2022, said senior official yesterday...

Indonesia Has PTFI, But the Control Still in Freeport-Mcmoran’s Hands

JAKARTA (TheInsiderStories) --  The acquisition process of the PT Freeport Indonesia (PTFI) majority shares to PT Indonesia Asahan Aluminum (Inalum) was completed on Friday...

Freeport Indonesia Gets Operating Permit Until 2031

JAKARTA (TheInsiderStories) – Ministry of Energy and Mineral Resources (MEMR) gave an extension for PT Freeport Indonesia' (PTFI) operating permit, through a Special Mining...

Freeport-McMoran Gains Sales Rocket from Indonesia Mines

JAKARTA (TheInsiderStories) — Global miner Freeport-McMoran Gold & Copper Inc., (NYSE: FCX) recorded ripping financial growth in the third quarter (3Q) of 2018, amid...

Officially Inalum to Hold 51% Freeport Indonesia Shares After Long Discussions

JAKARTA (TheInsiderStories) – Finally, the PT Freeport Indonesia (PTFI) divestment shares signed after a long years of discussion. The signing ceremony between the state-owned miner PT Indonesia...

Breaking News: Indonesia Will Signs Freeport Deal Today

JAKARTA (TheInsiderStories) - Indonesian government through the state-owned miner PT Indonesia Asahan Aluminium (Inalum) will sign the Sales and Purchase Agreement on the share sales...

Indonesia Extends Freeport’s Special Mining Permit for One Month

JAKARTA (TheInsiderStories) - After extended for couple months, again Indonesia will extend the special mining permit for PT Freeport Indonesia (PTFI) for another month to...

Freeport Export Permit Extended for One Month

JAKARTA (TheInsiderStories) - Indonesia's Ministry of Energy and Mineral Resources (MEMR) again give a temporary export permit to PT Freeport Indonesia (PTFI) due to the share sales...

SOEs Banks Defer Plan to Finance Inalum-Freeport Deal

JAKARTA (TheInsiderStories)--Indonesia's state-owned banks had withdrawn from plans to finance a deal by PT Indonesia Asahan Alumunium to raise its stake in PT Freeport Indonesia...

Critics Say too Early to Claim Victory in Freeport Negotiation

JAKARTA (TheInsiderStories)--Critics are quick to reign in the celebration by the government and its supporters who claim victories in shares divestment mining giant Freeport...

Inalum Gets $5.2B Loan Offers to Buy Freeport Indonesia Share

JAKARTA (TheInsiderStories)--The state-owned mining company PT Indonesia Asahan Aluminium (Inalum) has received US$5.2 billion loan offers from 11 local and foreign banks to increase...

Morning Briefing: Freeport Deals Moves the Market, U.S’s Inflation Rises

JAKARTA (TheInsiderStories) - Good morning. The closing deal of PT Freeport Indonesia (PTFI) shares sale has give positive impact to the financial market. From global...

Inalum to Takes Over 45.78% Freeport Indonesia Shares for US$3.85B

JAKARTA (TheInsiderStories) - Indonesia's state-owned enterprises PT Indonesia Asahan Aluminium (Inalum) takeover 45.78 percent shares of PT Freeport Indonesia (PTFI) from Freeport-McMoRan Gold & Copper...

Indonesia’s President Widodo : Freeport Deal Signs Today

JAKARTA (TheInsiderStories)--After years of discussion, the Indonesian government and U.S's miner Freeport-Mcmoran Gold & Copper Inc. (NYSE: FCX) will sign the head of agreement of PT...

Morning Briefing: Freeport Deals Signs Today, Trade Wars Weaken Market

JAKARTA (TheInsiderStories) - Good morning. Today, Indonesian government will sign head of agreement (HoA) of PT Freeport Indonesia (PTFI) share sale with  Freeport-Mcmoran Gold...

Freeport Indonesia Negotiation to Wrap up End of July

JAKARTA (TheInsiderStories)--Indonesian government targets the negotiation with U.S's miner Freeport-Mcmoran Copper & Gold Inc. (NYSE: FCX) including 51 per cent divestment, smelter development, investment assurance,...

Freeport Seeks Extension to Temporary Mining License

JAKARTA (TheInsiderStories)—Executive Vice President PT Freeport Indonesia Tony Wenas on Friday (22/06) said the company has proposed an extension of the temporary special mining...

Rio Tinto, Inalum, Freeport Talks on Grasberg Mines Continues

JAKARTA (TheInsiderStories) - Global miner Rio Tinto Group (ASX: RIO) said the discussion of its divestment of 40 per cent interest in the giant Grasberg...

Policy Review: A Long Road To End Up Freeport’s Renegotiation Contract

JAKARTA (TheInsiderStories) - For the umpteenth time PT Freeport Indonesia's (PTFI) share divestment agreement drag on for unexplained reasons. Earlier President Joko Widodo optimistic PTFI divestment could...

This Is How Indonesian Government Giving Freeport More Headache

JAKARTA (TheInsider Stories) - Indonesia's plan to implement new environmental standards later this month is likely to hurt US mining giant Freeport-McMoRan's ((NYSE: FCX) operations deeply,...

Freeport Indonesia To Closes Open-pit Mine in 2019

JAKARTA (TheInsiderStories) - PT Freeport Indonesia (PTFI) will close the operation of the open-pit gold mine in Grasberg, Papua--where the ore body occurs near the...

Inalum Moving Closer in Buying Rio Tinto’s Interest in Freeport

JAKARTA (TheInsiderStories) - State-owned mining holding company PT Inalum has submitted a price value proposal to purchase 40 per cent Rio Tinto's participating interest in...

Indonesia Will Summon Freeport on Environmental Damage

JAKARTA (TheInsiderStories) - Indonesian Government to sue the U.S. gold and copper miner Freeport Mcmoran Inc. (NYSE: FCX) for polluting the environment, said one...

President: Complete Freeport Shares Divestment by April

JAKARTA (TheInsiderStories) – The negotiations over the 51 per cent divestment of PT Freeport Indonesia shares continued to drag on. Given this situation, President...

Freeport McMoran Prepares US$1.2 Billion for Grasberg Mine

JAKARTA (TheInsiderStories) -  U.S miner Freeport Mcmoran Inc. (NYSE: FCX) prepared capital expenditure US$2.1 Billion in this year to develop project in Indonesia and other...

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