# Rio Tinto in talks to sell Grasberg mine stake to Inalum for $3.5B

Rio Tinto is in discussions to sell its entire interest in the Grasberg copper and gold mine in Indonesia to PT Indonesia Asahan Aluminium (Inalum) for $3.5 billion. No binding agreement has been reached yet.

- Type: Acquisition
- Announced: 2018-05-24
- Where: Papua, Indonesia
- Value: $3.50B
- Status: rumored
- Products: copper, gold
- Sectors: [Mining Equipment](https://endata.com/sectors/mining-equipment.md)

## Companies

- [Rio Tinto](https://endata.com/companies/4215.md)
- [Freeport-McMoRan](https://endata.com/companies/16157.md) (partner)
- [PT Indonesia Asahan Aluminium (Persero)](https://endata.com/companies/32048.md) (acquirer)

## Sources

- [miningconnection.com](https://miningconnection.com/coal_prep/news/article/rio_tinto_in_talks_to_sell_stake_in_grasberg_mine_for_3.5_billion_indonesia), 2018-05-24: "Discussions between Rio Tinto, Inalum and Freeport are ongoing, including as to price."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.