Freeport-McMoRan (FCX): How must the Freeport McMoran shareholde...

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goldenpolarbear

Re: goldenpolarbear post# 1423

Tuesday, 08/29/2017 10:18:03 AM

Tuesday, August 29, 2017 10:18:03 AM

How must the Freeport McMoran shareholders feel about losing...

Unbelievable imho...

http://money.cnn.com/2017/08/29/investing/indonesia-freeport-mcmoran-mine-gold-copper/index.html

For nearly three decades, the world's No. 2 copper mine has been controlled by an American company.
Not anymore.

Freeport-McMoRan (FCX) agreed Tuesday to give up its majority stake in the massive Grasberg gold and copper mine, ceding control to the Indonesian government in what is likely to be seen as a victory for President Joko Widodo.

The U.S. miner's ownership stake will be reduced from 90% to 49%, Indonesia's energy minister Ignasius Jonan said at a joint press conference with Freeport CEO Richard Adkerson. The exact time of the handover is under discussion, they said.

I am now very pleased that the Kerr Copperstone GOLD Mine is located in Arizona and not in...

http://kerrmines.com