By Kitco News / July 30, 2018 / www.kitco.com /
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JAKARTA, July 30 (Reuters) -
* Indonesian government will extend temporarily a specialminingpermit (IUPK) for Freeport McMoran's local unit that isdue to expire on July 31, Coal and Minerals Director GeneralBambang Gatot told reporters on Monday.
* The ministry has yet to decide on the length of the permitextension.
* Freeport is currently negotiating the sale of a majorityof itsstake in its local unit (PT-FI) to Indonesia's state-ownedmining company Inalum.
* Freeport operates the Grasberg copper mine in the easternprovince of Papua that is the world's second-largest. (Reporting by Bernadette Christina Munthe; Editing by ChristianSchmollinger)
Reuters Messaging:fransiska.nangoy.thomsonreuters.com@reuters.net))
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