Rio Tinto (ASX:RIO) has addressed media reports about the potential purchase by Inalum and Freeport of Rio’s entire interest in the Grasburg mine in Indonesia.
The miner has not ruled out reports of a US $3.5 billion deal for the gold and copper mine.
Rio has confirmed that discussions with Inalum and Freeport are ongoing including as to price.
No agreement has been reached at this stage and there is no certainty that any binding agreements will be signed.
Shares in Rio Tinto (ASX:RIO) closed 0.47 lower to $84.60 yesterday.