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Rio Tinto confirms talks over sale of Grasberg mine in Indonesia

Staff Writer |
Rio Tinto confirmed that it is in discussions to sell its entire interest in the Grasberg copper mine in Indonesia to Inalum.

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Rio Tinto said that discussions between it, Indonesia's Inalum and Freeport are ongoing, "including as to price", following reports that it could go for $3.5 billion.

"No agreement has been reached, and there is no certainty that binding agreements will be signed," it said.

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