Story perspectives
Indonesia Secures Freeport Stake Amid Grasberg Operations Halt
10/2/2025
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Story summary
- Indonesia plans to sign with Freeport-McMoRan a 12% stake in PT Freeport Indonesia free of charge.
- MIND ID currently holds 51% of PT Freeport Indonesia, which operates the Grasberg mine.
- Freeport-McMoRan seeks operational rights beyond 2041 and an extended permit for future exploration.
- Force majeure at Grasberg after deadly mudslides halts operations through at least 2027, boosting copper prices.
