Become a digitalPLUS subscriber. 99 for 4 weeks.


Newmont Mining Corporation
Behind Indonesia mining deal, newly minted minister and U.S. mining legend

JAKARTA (Reuters) - As negotiations to resolve an increasingly bitter dispute over Indonesian mining rules teetered on the brink of collapse, the chairman of Freeport-McMoRan Inc James "Jim Bob" Moffett flew to Jakarta for last-ditch talks. Indonesia's chief economics minister, Chairul Tanjung, said he had got to a point where he felt only talking directly to the 76-year-old U.S. mining legend might break a deadlock in the six-month row, which had already cost Southeast Asia's top economy more than $1 billion and put thousands of jobs at risk. In less than two hours the two men had reached an agreement, setting the stage to resume exports and restore badly needed...