Nationalization of the world's largest gold mine.

ArticleMining sectorJanuary 16, 2018 - 7:53:17 AM

Against a backdrop of bullish gold prices, the Indonesian government has decided to take control of Grasberg, the world's largest gold mine.

Indonesian authorities inked Friday a deal with state-owned holding Asahan Aluminum, or Inalum, which sets a framework for Freeport-McMoRan (NYSE:FCX) to transfer control of its massive Grasberg copper and gold mine as agreed last year...

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