Freeport Indonesia secures $1bn loan for copper smelters

Gold and copper mining giant PT Freeport Indonesia (PTFI) has entered a five-year, $1 billion, unsecured credit facility to develop two metal smelters in Gresik, East Java.PTFI shareholder Freeport-McMoRan said the funds would be used to expand an existing copper smelter and build a new one in...