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Rio Tinto about to offload stake in Grasberg mine for $3.5 billion

Cecilia Jamasmie | May 23, 2018 | 3:22 am Base Metals Precious Metals Top Companies Asia Australia China Copper Gold Lead Nickel 

World’s No.2 miner Rio Tinto (ASX, LON, NYSE: RIO) confirmed Wednesday is ready to sell its stake in the giant Grasberg mine, the world’s second largest copper operation, to Indonesia’s state mining holding company Inalum for $3.5 billion. The move could mark...

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