Rio Tinto says Grasberg stake sale talks ongoing

Talks between Rio Tinto, PT Indonesia Asahan Aluminium (Inalum) and Freeport-McMoRan regarding the sale of Rio Tinto’s stake in the Grasberg copper-gold mine in Indonesia are still ongoing, Rio Tinto said in a statement on Wednesday May 23.

Rio Tinto’s statement came following news reports which said Inalum could potentially purchase Rio Tinto’s stake for $3.5 billion. Rio Tinto did not provide further details in its statement but noted that “no agreement has been reached and there is no certainty that binding agreements will be signed.” Freeport had said early this year that it was in preliminary talks with a group...

Published

Vivian Teo

May 23, 2018

09:37 GMT

Singapore