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Indonesia says still in China talks for Freeport copper smelters

Tsingshan negotiations near new deadline after recently starting with Enfi

The open-pit mine of  Freeport's Grasberg copper and gold mine complex in Indonesia.   © Antara Foto/Reuters

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.

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