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Freeport Indonesia-Tsingshan talks for copper smelter fail

Japan's Chiyoda wins estimated $2.7 bn project in East Java

Freeport Indonesia's Grasberg copper and gold mine complex.   © Reuters

JAKARTA -- The local unit in Indonesia of U.S. mining giant Freeport-McMoRan said on Friday that talks with China's Tsingshan Holding Group about joint development of a major copper smelting plant in the Southeast Asian country have failed.

"[Freeport] could not reach a deal with Tsingshan to build the smelter," Riza Pratama, Freeport Indonesia's vice president for corporate communications, told Nikkei Asia, referring to a project the Chinese company had proposed in North Maluku Province.

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