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Rio Tinto confirms talks over sale of Grasberg mine in Indonesia
Rio Tinto confirmed on Wednesday that it is in discussions to sell its entire interest in the Grasberg copper mine in Indonesia to Inalum.
Rio Tinto said that discussions between it, Indonesia's Inalum and Freeport are ongoing, "including as to price", following reports that it could go for $3.5bn.
"No agreement has been reached, and there is no certainty that binding agreements will be signed," it said.