October 25, 2017 / 3:18 PM / 2 months ago

BRIEF-Freeport, Indonesia "highly motivated" on Grasberg deal

Oct 25 (Reuters) -

* Freeport sees “significant” deficits for copper in future, Chief Executive Richard Adkerson

* Freeport-McMoRan CEO says both company and Indonesia government are “highly motivated” to come to agreement on Grasberg mine contract

* In discussions with Indonesian government, Freeport is insisting on maintaining operational control of the Grasberg mine, CEO says

* Freeport, Indonesia government are “actively” involved in producing documentation required for the framework agreement reached - Freeport CEO

* Freeport CEO says goal is to work cooperatively with Indonesia government, wants to avoid going to arbitration over Indonesia contract

* Freeport CEO says will not concede to “unreasonable” demands from Indonesian government, will relentlessly represent shareholders

* Freeport CEO says goal is to reach a “comprehensive and final” agreement with Indonesia by year-end

* Freeport’s stake in Indonesia unit, PT-FI, will drop to around 29 pct after joint venture agreement with Rio Tinto , divestiture to government take effect - Freeport CEO

* Freeport CEO says in talks with Indonesian group PT Amman Mineral Internasional on becoming partner in smelter that Amman may build Source text for Eikon: Further company coverage: (Reporting by Nicole Mordant)

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