Indonesia to sign landmark $5.5b deal to increase stake in Papua mine to 51%

News

July 12, 2018 9:40 AM

JAKARTA – The Indonesian government plans to announce on Thursday (July 12) that it is paying less than US$4 billion (S$5.5 billion) to get the majority stake in one of the world’s largest mining operations based in Papua from US Freeport McMoran and partner Rio Tinto.