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02. May 2024
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Tag: gold mine

Retail Asia13/11/2018
freeport.jpg
Living

Indonesia to Sell $4b in Bonds to Fund Freeport Purchase

3min0
State-owned mining holding company Indonesia Asahan Aluminium, better known as Inalum, sold bonds worth $4 billion in its first-ever US dollar bond deal on Thursday to fund the acquisition of a majority stake in the Grasberg copper mine in Papua. The deal came amid choppy global markets, rocked by trade concerns and slowing economic growth in […]
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Retail Asia04/07/2018
freeport.jpg
Finance

Indonesia Extends Freeport’s Grasberg Mine Permit Amid Talks on Environmental Impact

3min0
Indonesia has extended a temporary operating permit for Freeport McMoRan’s Grasberg copper mine in Papua until the end of the month while discussions continue over long-term rights, a Mining Ministry official said. The United States-based mining giant’s local unit, Freeport Indonesia, was given a temporary operating permit until July 31 for Grasberg, the world’s second-biggest […]
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