Rio Tinto: towards sale of a mining interest in Indonesia

(CercleFinance.com) - Rio Tinto announced on Thursday a memorandum of understanding with Inalum, Indonesia's national mining company, to sell it Rio Tinto's entire stake in the Indonesian mine Grasberg for 3.
5 billion dollars.

The memorandum also covers the acquisition by Inalum of an additional stake in Grasberg held by Freeport McMoran. Both parties have agreed to work on a binding agreement before the end of the second half of 2018.

Rio Tinto specifies that given the terms, which have yet to be defined, there is no certainty that a transaction will actually be concluded, and that it will require approval from the relevant authorities.


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