RIO rio tinto limited

News: RIO Freeport, Indonesia "highly motivated" on Grasberg deal

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    Oct 25 (Reuters) -

    • Freeport FCX.N sees "significant" deficits for copper in future, Chief Executive Richard Adkerson
    • Freeport-McMoRan CEO says both company and Indonesia government are "highly motivated" to come to agreement on Grasberg mine contract
    • In discussions with Indonesian government, Freeport is insisting on maintaining operational control of the Grasberg mine, CEO says
    • Freeport, Indonesia government are "actively" involved in producing documentation required for the framework agreement reached - Freeport CEO
    • Freeport CEO says goal is to work cooperatively with Indonesia government, wants to avoid going to arbitration over Indonesia contract
    • Freeport CEO says will not concede to "unreasonable" demands from Indonesian government, will relentlessly represent shareholders
    • Freeport CEO says goal is to reach a "comprehensive and final" agreement with Indonesia by year-end
    • Freeport's stake in Indonesia unit, PT-FI, will drop to around 29 pct after joint venture agreement with Rio Tinto (RIO) RIO.L , divestiture to government take effect - Freeport CEO
    • Freeport CEO says in talks with Indonesian group PT Amman Mineral Internasional on becoming partner in smelter that Amman may build
 
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