"Under the deal announced Friday,(July 2014) Freeport's Indonesia unit will pay higher royalties, help build a smelter and begin paying taxes on copper-concentrate exports, the government said. Copper concentrate, which looks like heavy sand, is what is generated after the rock is mined, crushed and milled. It is easy to ship and is the main raw material for copper smelters.
Freeport also agreed to "provisions" to increase the stake in the local unit held by the Indonesian government and nationals to 30% from the current 9.36%. Freeport currently controls a 90.64% stake." (source WSJ)
