Freeport can seek extension for Grasberg permit talks – minister

Indonesia's mining minister said on Thursday that Freeport McMoRan could request an extension of six months to renegotiate rights to Grasberg, the world's second-biggest copper mine, which is due to end next month. Freeport and the government announced a framework agreement for a new permit late last month, under which the company agreed to divest a 51% stake in Grasberg, among other terms, and retain operational control until 2041.