Rio Tinto completes sale of Grasberg stake for $3.5bln

Rio Tinto has concluded the sale of its entire 40% stake in the Grasberg mine in Indonesia for $3.5 billion, as part of a series of transactions involving state-owned PT Indonesia Asahan Aluminium (PT Inalum) and Freeport-McMoRan Inc.

PT Inalum previously held a 9.35% stake in Grasberg, the world’s second largest copper mine. Fastmarkets MB previously reported on the sale of Rio Tinto’s stake earlier this year, reporting that the deal should draw a line under conflict...

Published

Alice Mason

December 21, 2018

14:34 GMT

London