PT Indonesia Asahan Aluminium (INALUM)’s acquisition of 51 percent of PT Freeport Indonesia (PTFI) gained renewed scrutiny after Freeport-McMoRan (FCX) noted the following in a press release: “ The arrangements provide for FCX and the pre-transaction PT-FI shareholders to retain the economics of the revenue and cost sharing arrangements under the Joint Venture. As a result, FCX’s economic interest in PT-FI is expected to approximate 81.28 percent through 2022. FCX will continue to manage the operations of PT-FI.”
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