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US’s Freeport Cuts Investment, Loss in First Quarter of 2020

JAKARTA (TheInsiderStories) - United States (US) miner, Freeport-Mcmoran Inc., (NYSE: FCX) announced an US$800m reduction in 2020 estimated capital expenditure from initial planned $2.8 billion, includes...

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...

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...

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...