Freeport McMoRan (FCX) informed New York Stock Exchange (NYSE) Friday (July 25) that its subsidiary PT Freeport Indonesia has entered into a memorandumg of understanding (MoU) with the government of Indonesia under which both parties have agreed to negotiate an amended contract of work (COW), which expires in 2021. With lack of details provided to public, the MoU raises lots of questions about what the new government will and will not do.

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