Indonesia to take majority stake in massive gold, copper mine

Indonesia will take a majority stake in one of the world's biggest gold and copper mines, the government said Thursday, as it moves to claw back control of its natural resources. State-owned mining firm Inalum is to assume a 51 percent interest in the Grasberg mine under an agreement to be signed later in the day, President Joko Widodo said. Indonesia currently holds just under 10 percent of the mine, which is owned and operated by a unit of US-based Freeport-McMoRan....

2 Published By - Yahoo! News - Science News Headlines - 2018.07.12. 10:49
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