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JAKARTA (TheInsiderStories)--Indonesia's state-owned banks had withdrawn from plans to finance a deal by PT Indonesia Asahan Alumunium to raise its stake in PT Freeport Indonesia...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

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...

Inalum Considers Selling Bonds to Buy Rio Tinto’s Stake

JAKARTA (TheInsiderStories)— PT Indonesia Asahan Alumunium (Inalum) is considering to raise funds through issuing bonds, as one of the options to fund the company's plan...

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 Receives US$112M Dividend from Freeport

JAKARTA (TheInsiderStories) – The Government of Indonesia has received a Rp1.4 trillion (approx. US$112 million) payout from PT Freeport Indonesia, a subsidiary of US-based Freeport McMoRan...

Morning Briefs – Jan 15

JAKARTA (TheInsiderStories) – Good morning. Followings are some relevant news that might help your business decisions today: President Widodo Inaugurates 'New' Bung Karno Stadium President Joko...

Morning Briefs – Jan 12

JAKARTA (TheInsiderStories) - Good morning. Followings are some relevant news that might help your business decisions today: Indonesia Hopes to Finalize Freeport Contract Talks by June Indonesia...

Inalum Now Controls 9.36% Shares of Freeport Indonesia

JAKARTA (TheInsiderStories) - Indonesian aluminum producer PT Indonesia Asahan Aluminium (Inalum) now owns 9.36 percent of the shares of PT Freeport Indonesia, after the...

State-Owned Mining Holding Firm to Build Smelter Soon

JAKARTA (TheInsiderStories) - Indonesia has finally embarked on the complex process to merge four state-owned mining companies under one giant holding company, a move that will pave...

State-Owned Mining Holding Firm Committed to Build Smelter

JAKARTA (TheInsiderStories) - Indonesia finally starts the process to merge four state-owned mining companies under one giant holding company, that will pave the way for...

Jokowi on Freeport Negotiation: Do Not Back Down!

JAKARTA (TheInsiderStories) - President Joko Widodo is said to feel optimistic about the ongoing divestment negotiations between the Government of Indonesia and U.S Freeport...

President Widodo’s 3rd Year: Freeport Proofs of Government Negotiation Toughness

JAKARTA (TheInsiderStories) - The Indonesian government and U.S mining giant Freeport-McMoRan Inc. are still facing off, far apart on a mutually-agreeable deal with contract renegotiation ongoing. Likely...

51% Freeport Shares Worth US$4 billion: Jonan

JAKARTA (TheInsiderStories) - Minister of Energy and Mineral Resources Ignasius Jonan has mentioned the value of the 51 percent stake to be divested by PT Freeport...