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.