Indonesia to sign record deal to gain control of the world's second-largest copper mine

File photo of trucks operating in the open-pit mine of Freeport's Grasberg copper and gold mine complex near Timika, in the eastern region of Papua, Indonesia.
File photo of trucks operating in the open-pit mine of Freeport's Grasberg copper and gold mine complex near Timika, in the eastern region of Papua, Indonesia.PHOTO: REUTERS
Vehicles used for transporting workers to the Grasberg copper mine are seen at the Gorong-Gorong terminal in Timika, Mimika, Papua province, on Nov 16, 2017.
Vehicles used for transporting workers to the Grasberg copper mine are seen at the Gorong-Gorong terminal in Timika, Mimika, Papua province, on Nov 16, 2017.PHOTO: REUTERS

JAKARTA - Indonesia is set to acquire a majority stake in the world's second-biggest copper mine.

All paperwork is complete for the Indonesian government to sign a final agreement to acquire a majority stake in the Grasberg copper mine in Papua province, a source familiar with the transaction told The Straits Times.

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