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"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).

"Elegant solution" for Freeport at Grasberg "Elegant solution" for Freeport at Grasberg "Elegant solution" for Freeport at Grasberg "Elegant solution" for Freeport at Grasberg "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 LaFe...