Rio Tinto confirms sales discussions on Grasberg

Photo: Alfindra Primaldhi/Wikimedia Commons

Rio Tinto has released confirmation that it is in discussions on the sale of it’s share in the Grasberg copper-gold mine in Indonesia.

Rio Tinto has a joint venture with Freeport for a 40 per cent share of production above specific levels until 2021.

Grasberg is the world’s second largest copper mine.