JAKARTA -- The top executive at Indonesia's state-owned mining holding company says talks are still on with China's Tsingshan Steel over a $2.8 billion plan to build a second copper smelter for Freeport Indonesia.
Orias Petrus Moedak, president director of Mind ID, which owns a controlling stake in the local operations of U.S. miner Freeport-McMoRan, said a final decision will be made within the next two weeks on whether Freeport Indonesia will accept Tsingshan's offer or build the smelter on its own.
