JAKARTA, Indonesia—U.S.-based mining company Freeport-McMoRan Inc. said it would give up its majority stake in the giant Grasberg copper and gold mine to end a long-running dispute with Indonesia, cutting its ownership to 49% from 90.64%. The agreement, announced by Indonesian Energy Minister Ignasius Jonan and Freeport Chief Executive Richard Adkerson during a press conference Tuesday, will also require Freeport to build smelters,...

Source: Wall Street Journal August 29, 2017 04:39 UTC