JAKARTA: 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 US mining legend might break a deadlock in the six-month row, which had already cost South-East Asia’s top economy more than US$1bil and put thousands of jobs at risk.
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