Mine Risk Management > Politics

"Elegant solution" for Freeport at Grasberg

Jefferies has described the possibility of Rio Tinto (LN:RIO) selling its interest in the giant Grasberg copper-gold mine to the Indonesia government as an “elegant solution” for the mine’s majority owner Freeport-McMoRan (US:FCX).

Staff reporter

Mine Risk Management > Politics

"Elegant solution" for Freeport at Grasberg

Jefferies has described the possibility of Rio Tinto (LN:RIO) selling its interest in the giant Grasberg copper-gold mine to the Indonesia government as an “elegant solution” for the mine’s majority owner Freeport-McMoRan (US:FCX).

Staff reporter

"Elegant solution" for Freeport at Grasberg

Jefferies says the possible deal involving Rio could solve a complex problem

Based on comments from government officials, Rio might sell its stake - entitling it to 40% of Grasberg production from 2022 - to Indonesian interests in 2018, Jefferies analyst Christopher LaFemina said in a note.