Rio Tinto sells its stake in Inalum's Grasberg mine for $ 3.5 billion

The Australian-British mining company Rio Tinto sells its stake in the Indonesian mine Grasberg, owned by Inalum, for 3.5 billion dollars, the project wrote with reference to the message from Rio Tinto. It is noted that the companies signed a non-binding agreement on future ownership rights to the Grasberg mine. They plan to sign all legal obligations of the agreement before the end of the year. The deal should be approved by the state regulatory bodies. Rio Tinto, one of the leading in terms of market capitalization mining and metals companies in the world, owns 40% of the production at the mine.

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