Rio addresses Grasburg sale reports

Company News

by Anna Napoli

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.

Anna Napoli

Finance News Network
Anna joined FNN February 2018 and also works with Channel 7 as a freelance producer. Anna has also worked as a lawyer and lecturer. She has also presented news updates for interstate news with Southern Cross Austereo.