Grasberg priced

PT FREEPORT Indonesia, operator of the massive Grasberg mine, has put a price of $US1.7 billion on the 10.6% of the company it must divest to the Indonesian government.

The price is based on a total value of $16.2 billion for the company, despite its New York-listed parent company Freeport McMoRan having a market capitalisation of around $4.7 billion.

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