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Freeport says Indonesia promises approval to operate beyond 2021

Oct. 08, 2015 9:05 AM ETFreeport-McMoRan Inc. (FCX) StockFCXBy: Carl Surran, SA News Editor4 Comments
  • Freeport McMoRan (NYSE:FCX) says Indonesia's government has assured the company's local unit that it will approve the extension of operations beyond 2021 and is working on economic stimulus measures including revisions to mining regulations.
  • Separately, a government official says FCX must propose its divestment share price to the government by Oct. 14; the company must divest more of its Indonesian unit as part of its investment agreement with the government.

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