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Rio perched over Grasberg spoils

Rio Tinto boss Sam Walsh says he is in the market for tier-one assets that distressed rivals might be forced to sell, but that doesn’t mean he will have to look far because he already has his foot on one of the best, the giant Grasberg copper and gold mine in Indonesia.

Operated by US-based Freeport-McMoRan, Grasberg is not only one of the world’s great mineral deposits it also has one of the lowest public profiles and highest levels of political interference.



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