Indonesia puts total value of acquisitions under Freeport deal at $3.85 bln

JAKARTA, July 12 (Reuters) - Indonesia's State-Owned Enterprises Minister Rini Soemarno said on Thursday state mining company PT Inalum will pay $3.85 billion to acquire a majority stake in the local unit of Freeport-McMoRan Inc.

She made the comments after Inalum and Freeport signed a heads of agreement that will give Indonesia control of the Grasberg mine, the world's second-biggest copper mine. (Reporting by Jakarta bureau; Writing by Ed Davies; Editing by Christian Schmollinger)