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Grasberg Impacts Freeport-McMoRan’s Valuation

Grasberg Impacts Freeport-McMoRan’s Valuation

As we noted in the previous part, Freeport-McMoRan (FCX) faces uncertainties in its Grasberg mine in Indonesia. Despite agreeing to sell a majority stake in the mine towards Indonesian interests, the company hasn’t been able to strike a final deal with the Indonesian government. Rio Tinto (RIO) is also negotiating a stake sale with the Indonesian government.