JAKARTA -- State-owned mining holding company Indonesia Asahan Aluminum on Thursday signed an agreement with Freeport-McMoRan that will see it take control of the U.S. miner's local unit for $3.85 billion.
The deal includes Australian miner Rio Tinto's participating interest in Freeport Indonesia's operations at the Grasberg mine in Papua province, one of the world's largest gold and copper pits.
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