Tag: Rio Tinto

Rio Tinto completes sale of Grasberg mine
Global

Rio Tinto completes sale of Grasberg mine

Rio Tinto has completed the sale of its entire interest in the Grasberg mine in Indonesia for $3.5 billion. The transaction is part of a series of transactions involving Inalum (PT Indonesia Asahan Aluminium (Persero)), Indonesia’s state mining company, and Freeport McMoRan Inc. Rio Tinto chief executive J-S Jacques said […]

Simon McKeon join Rio Tinto’s board
Global

Simon McKeon join Rio Tinto’s board

Rio Tinto has appointed Simon McKeon AO as an independent non-executive director. Mr McKeon, an Australian citizen, will join the board on 1 January 2019. Mr McKeon brings a wealth of experience gained from various leadership positions across financial services, legal, charity and government sectors. After qualifying as a solicitor, […]

Rio Tinto cancels sell off of Simandou mine
Global

Rio Tinto cancels sell off of Simandou mine

Global mining giant, Rio Tinto said it has shelved its planned divestment in Simandou iron ore mine located in Guinea. The company said in a statement that the non-binding heads of agreement, originally signed on 28 October 2016, for Chinalco to acquire Rio Tinto’s entire interest in the Simandou iron […]

Rio Tinto offloads Grasberg mine for $3.5 bilion
Global

Rio Tinto offloads Grasberg mine for $3.5 bilion

Rio Tinto has said it has signed a binding agreement to sell its entire interest in the Grasberg mine in Indonesia to PT Indonesia Asahan Aluminium, Indonesia’s state mining company, for $3.5 billion. Rio Tinto said in a statement that Inalum has signed a binding agreement with Freeport McMoRan Inc.,in […]

Hydro cancels bid for Rio Aluminium
Global

Hydro cancels bid for Rio Aluminium

Rio Tinto has been informed by Hydro that it has withdrawn its offer to acquire the ISAL smelter in Iceland. The bid would have included Rio Aluminium’s 53.3 per cent share in the Aluchemie anode plant in the Netherlands and its 50 per cent share in the Aluminium fluoride plant […]

Rio Tinto to sell stake in Grasberg mine
Big Business Global

Rio Tinto to sell stake in Grasberg mine

Italy’s Rio Tinto, PT Indonesia Asahan Aluminium, and Freeport McMoran Inc. (FCX) have signed a non-binding agreement in relation to the future ownership of the Grasberg mine in Indonesia. The Heads of Agreement details the proposed principal terms for the sale of Rio Tinto’s entire interest in Grasberg to Inalum, […]