Commodities Buzz: Rio Tinto Confirm that discussions between Inalum and Freeport On

Rio Tinto has reported that the potential purchase by PT Indonesia Asahan Aluminium (Persero) of Rio Tintos entire interest in the Grasberg mine in Indonesia for $ 3.5 billion.

Rio Tinto confirmed that discussions between Rio Tinto, Inalum and Freeport are ongoing, including as to price. No agreement has been reached, and there is no certainty that binding agreements will be signed.