News Wrap

IN THIS morning’s News Wrap: Rio Tinto executive Stern Hu reaches end of his China prison sentence; Indonesia extends Freeport’s license as Grasberg deal nears; and 'Pure play' coal just doesn't cut it for UniSuper.

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Rio Tinto executive Stern Hu reaches end of his China prison sentence

Former Rio Tinto executive Stern Hu has been released after spending nearly nine years in prison in China, according to The Age.

The Australian citizen was serving time after he was convicted of bribery and industrial espionage.

Hu was released from Shanghai Qingpu prison on Wednesday after serving a sentence of more than eight years for accepting bribes and infringing commercial secrets.

Indonesia extends Freeport's license as Grasberg deal nears

Freeport-McMoRan has received a one-month extension to the license that allows it to operate the giant Grasberg copper and gold mine in Indonesia, as the government said talks to transfer m...

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