RIO rio tinto limited
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News: RIO Rio Tinto Signs Binding Agreement To Sell Grasberg Mine Stake For $3.5 Bln

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    28/09/18
    20:25
    Post #: 35921108

    Sept 28 (Reuters) - Rio Tinto Plc RIO.L :

    • RIO TINTO SELLS INTEREST IN GRASBERG
    • PROPOSED DEAL FOR $3.5 BILLION
    • PROCEEDS OF SALE ARE TO BE PAID IN CASH TO RIO TINTO AT CLOSING, WITH FUNDS TO BE USED FOR GENERAL CORPORATE PURPOSES
    • INALUM SIGNED BINDING AGREEMENT WITH FREEPORT MCMORAN IN RELATION TO FUTURE OWNERSHIP AND OPERATION OF GRASBERG MINE
    • TO SELL ENTIRE INTEREST IN GRASBERG MINE IN INDONESIA TO PT INDONESIA ASAHAN ALUMINIUM
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