RIO rio tinto limited

News: RIO Indonesia to announce Freeport acquisition structure on Thursday-source

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    JAKARTA, July 12 (Reuters) -

    • The Indonesian government is expected on Thursday to announce the details of a deal to acquire a majority stake in the local unit of U.S. copper miner Freeport McMoRan Inc FCX.N , a source with knowledge of the matter said
    • Announcement expected to include the share price, amount and structure of the deal
    • Finance Minister Sri Mulyani Indrawati is scheduled to sign a heads of agreement with PT Freeport Indonesia at 4 p.m. on Thursday, a ministry spokesman said
    • Representatives from Freeport and state-owned mining holding company PT Inalum, along with the ministers of state-owned enterprises, energy and mineral resources, and the environment are expected to attend the signing
 
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