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Freeport Indonesia Prepares US$3B to Build Smelter

JAKARTA (TheInsiderStories) - PT Freeport Indonesia (PTFI) prepared an initial investment US$3 billion to build smelter in the country, said its holding today (10/23). The...

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...

Morning Briefing: US Bewildered ahead of Fed Rate Announcement

JAKARTA (TheInsiderStories) — Good morning! The Federal Open Market Committee will announce the United State' (US) rate decision today. Fear over Federal Reserve (Fed) officials'...

Indonesia’s Inalum Sell Global Bonds US$4B to Pay Short Term Loans

JAKARTA (TheInsiderStories) - State-owned mining holding PT Indonesia Asahan Aluminium (Inalum) has sold multi-tranche Senior Unsecured Notes US$4 billion on Thursday (08/11), said sources closed...

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...

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...

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...

The Offering Price of Rio Tinto’s Interest in President Widodo’s Hands

JAKARTA (TheInsiderStories) - President Joko Widodo has pocketed the offering price of 40 percent participating global miner Rio Tinto Group (ASX: RIO) in PT Freeport...

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...

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...

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...