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World’s biggest gold mine nationalized in Indonesia

It’s done. After two years of often fraught negotiations – and a last-minute environmental hiccup – the government and US mineral giant Freeport McMoRan Copper & Gold (FCX) have finally concluded an agreement effectively nationalizing Indonesia’s most prized mining asset in the mountains of easternmost Papua. Issuing subsidiary PT Freeport Indonesia (PTFI) with a special […]