Home Indonesia to buy majority Grasberg stake for $3.85bln State-owned PT Indonesia Asahan Aluminium (PT Inalum) will become a 51% shareholder in Grasberg, the world’s second largest copper mine, buying shares from Rio Tinto and Freeport-McMoRan in a deal totaling $3.85 billion, Rio Tinto and Freeport-McMoRan said on Thursday July 12. Rio Tinto has agreed to sell its 40% stake in Grasberg for $3.5 billion, while Freeport will divest a portion of its interest to be left with 49% ownership of the mine. The transaction is expected to close during the second half of 2018. Materials company Inalum will increase its stake in the Papua-based copper-gold mine from 9.35% to... Email this article Your details Your recipients's details You can enter a maximum of 5 recipients. Use ; to separate email addresses. Email yourself a copy? Enter the code: Ok You might notice something different here.As we continue our evolution, our data and market news is now available through the Fastmarkets platform and a trial of this website is no longer available. Already registered? Log in Our new delivery solution allows you to access the prices and news that matters most to you in a way that delivers value, quality and a unique, fully customizable view for you. Learn More We are developing an experience that allows you to test drive building your view of our data and news on the new platform. In the meantime, we can prepare a quote for you and show you around. Get Started Contact Us +44 (0) 20 7779 8260 hello.mb@fastmarkets.com Published Archie Hunter Myurun Waran July 12, 2018 14:22 GMT London Keywords Rio Tinto Grasberg Indonesia copper Related news {{article|snippet:'title'|removeHtmlTags}} {{article|fields:'dates'|date:dateArticleFormat}}
