JAKARTA, Dec 18 (Reuters) - Indonesia's state-owned miner PT Inalum expects to finalise a deal this week to take majority control of the local unit of global mining giant Freeport McMoRan Inc FCX.N , the company's chief executive told Reuters on Tuesday.
The deal will close "hopefully this week", said Budi Gunadi Sadikin, adding that a conclusion looked "highly likely".
Inalum was proposing to sell a 10 percent stake in PT Freeport Indonesia to Papua, the country's easternmost province where the giant Grasberg mine is located, for $819 million, he said.
News: RIO Indonesia's Inalum expects to finalise Freeport deal this week -CEO
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$115.12 |
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Mkt cap ! $42.85B | |||
| Open | High | Low | Value | Volume |
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