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Rio Tinto ready to sell Grasberg stake for $3.5 billion

London-based global miner Rio Tinto confirmed on May 23 that it was in discussions to unwind its entire 40% interest in the Grasberg copper and gold mine in Indonesia for $3.5 billion.
London-based global miner Rio Tinto confirmed on May 23 that it was in discussions to sell its interest in the Grasberg copper and gold mine in Indonesia for $3.5 billion.Discussions over the deal including the sales price are continuing among Rio Tinto, Freeport-McMoRan (FCX) and PT Indonesia Asahan Aluminium (Inalum),

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