Ashurst and Oentoeng Suria & Partners (OSP) are acting for PT Indonesia Asahan Aluminium (Persero) (Inalum), an Indonesian state owned company, as lead counsel in Inalum's landmark acquisition of a 51.2% majority stake in the Grasberg mine from leading mining companies Freeport-McMoRan and Rio Tinto. The Grasberg mine, located in Papua, Indonesia, is the world's largest gold mine and second largest copper mine. After the transaction, Inalum's stake in the Grasberg mine increased from 9.36% to 51.2%, giving Indonesia majority interest in the mine.
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