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Freeport Rejects Divestment Plan

FREEPORT-McMoRan has rejected Indonesia’s divestment scheme for its subsidiary company Freeport Indonesia, because the plan is considered unprofitable to the two parties. In a letter addressed to the finance ministry at the end of September, Freeport described the government as inconsistent.

Chief Executive of Freeport-McMoRan, Richard Adkerson, declined to accept shares that are calculated based on th

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