Freeport-McMoran (FCX) Declares $0.05 Quarterly Dividend; 1.4% Yield
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Freeport-McMoran (FCX) Reports $350M PT-Freeport Indonesia JV Divestment Agreement with PT Inalum for 9.36% Stake; Rio Tinto (RIO) to Receive $3.5B in Cash for Remaining Stake
September 28, 2018 6:30 AM EDTFreeport-McMoRan Inc. (NYSE: FCX) announced today that it has entered into a Divestment Agreement on previously agreed economic terms with the Indonesian state-owned enterprise PT Indonesia Asahan Aluminium (Persero) (Inalum) in connection with Inalums acquisition of shares of PT Freeport Indonesia (PT-FI).
As previously reported, Inalum will acquire for cash consideration of $3.85 billion all of Rio Tinto's (NYSE: RIO) interests associated with its Joint Venture with PT-FI (Joint Venture), and 100 percent of FCX's interests in PT Indocopper Investama (PT-II), which owns 9.36 percent of... More
