Rio signs deal to exit Grasberg

RIO Tinto and Freeport-McMoRan have signed a US$3.85 billion deal with PT Indonesia Asahan Aluminium (Inalum) over the giant Grasberg copper mine in the Papua province.

Rio signs deal to exit Grasberg Rio signs deal to exit Grasberg Rio signs deal to exit Grasberg Rio signs deal to exit Grasberg Rio signs deal to exit Grasberg

Grasberg

The Indonesian state-owned firm will pay $3.5 billion to Rio Tinto for its complete interest in the mine, and $350 million to majority owner Freeport for an additional 9.36% stake.