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Apr 20, 2010· Grasberg Mine, West Papua, Indonesia The Grasberg mine in West Papua is another example of a Rio Tinto mining project gone terribly wrong. A joint venture between Rio Tinto (40% of joint venture production (14)) and Freeport-McMoRan, a U.S. corporation headquartered in Phoenix, Arizona, the Grasberg Mine is one of the world's largest single ...
Dec 07, 2017· Rio Tinto's stake in the Grasberg mine is 40% and majority stake is owned by Freeport-McMoRan via its Indonesian unit. The stake allows Rio Tinto to .
May 23, 2018· MELBOURNE/ JAKARTA, May 23- Global miner Rio Tinto Ltd confirmed on Wednesday it was in discussions to sell its interest in the world's second largest copper mine to Indonesia's state mining ...
Rio Tinto exiting the Grasberg mine should reduce Freeport-McMoRan's divestment obligation. Ideally, the exit should have removed a key bone of contention between Freeport-McMoRan and the ...
Rio Tinto Limited (ASX: RIO) could be ready to offload its stake in the giant gold and copper mine, Grasberg, for around $3.5 billion to Freeport-McMoRan Inc (NYSE: FCX) and Inalum. Grasberg, in Indonesia, is believed to be one of the largest gold mines and the second-largest copper mine on earth ...
Grasberg is owned and operated by PT Freeport Indonesia (PTFI), a subsidiary of US-based Freeport-McMoRan, Inc. ("Freeport"). Through a joint venture with Freeport, Rio Tinto is entitled to a 40 per cent share of production above an agreed threshold until the end of .
In 2017 the Grasberg mine produced 468kt and Rio Tinto's share of mined copper was 5.7kt. As at 31 December 2017, losses attributable to Rio Tinto's interest in the Grasberg mine in Indonesia were AUD$169 million and the gross assets of the company which holds such interest which is the subject of the transaction were $1,497 million.
Oct 01, 2018· Rio Tinto has formalised the agreement to sell its copper interest in the Grasberg gold-copper mine to Indonesian state mining company Inalum.
Feb 27, 2019· The jump was tied to the sale of its US$3.5-billion stake in Freeport-McMoRan Inc.'s (FCX) Grasberg copper mine in Indonesia. Rio Tinto said .
Jan 29, 2015· 29 January, 2015A mine worker was killed on 24 January at Rio Tinto's minority-owned mine in Papua, Indonesia. This brings the death toll at the mine over the last two years to a staggering 39. A worker at the Freeport copper and gold mine in the Indonesian province of Papua was killed in a ...
Dec 21, 2018· Rio Tinto has completed the sale of its entire interest in the Grasberg mine in Indonesia for $3.5 billion, as part of a series of transactions involving Inalum (PT Indonesia Asahan Aluminium ...
Sep 27, 2018· Global mining giants Freeport McMoRan Inc and Rio Tinto have struck a binding accord to sell a majority stake in the world's second-biggest copper mine, Grasberg, to Indonesia's state mining ...
Rio Tinto has confirmed the US3.5 billion 4.9bn sale of its controversial Grasberg copper and gold mine in Indonesia to Inalum, Indonesias state mining company, further reshaping the miners global ...
Rio Tinto has a joint venture with FCX for a 40 per cent share of production above specific levels until 2021, and 40 per cent of all production after 2021. The Grasberg underground block cave project will come online in 2017 when the current open pit mine is expected to be depleted.
Oct 01, 2018· Rio Tinto has formalised the agreement to sell its copper interest in the Grasberg gold-copper mine to Indonesian state mining company Inalum.
The mine waste disposal method that prompted Norway's Sovereign Wealth fund to blacklist Rio Tinto is back in the spotlight, with the Indonesian government pressuring Rio and its partner Freeport ...
Apr 11, 2018· The Grasberg copper-gold mine in West Papua By Richard Solly, Co-ordinator, London Mining Network The most shocking words spoken at this morning's Rio Tinto AGM were these: "I am not sure I can answer that question." Maybe they don't sound so shocking out of context. This is the context. In 1969, Indonesia annexed West Papua.
Dec 21, 2018· Rio Tinto has completed the sale of its entire interest in the Grasberg mine in Indonesia for $3.5 billion, as part of a series of transactions involving Inalum (PT Indonesia Asahan Aluminium (Persero)), Indonesia's state mining company, and Freeport McMoRan Inc.
Apr 15, 2014· Rio Tinto heavily blamed by protesters over 41 mine worker deaths ... "Rio Tinto does not manage the Grasberg operation, but we do not stand aside when fatalities occur. ...
Jul 12, 2018· Rio Tinto has agreed to sell its interest in Grasberg, the world's second-biggest copper mine, for $3.5bn, a deal that would open its share register to a wider range of investors. The sale is ...
Rio Tinto (ASX:RIO,LSE:RIO,NYSE:RIO) has completed the sale of its entire interest in the Grasberg mine in Indonesia for $3.5 billion, as part of a series of transactions involving Inalum (PT ...
Rio Tinto has a 40% stake in the mine.--kelapstick 05:10, 8 March 2011 (UTC) It's actually not quite that simple. From Rio's website: Grasberg Grasberg, located in the province of Papua in Indonesia, is one of the world's largest copper and gold mines in terms of ore reserves and production.
Rio Tinto has a 40% stake in the mine.--kelapstick 05:10, 8 March 2011 (UTC) It's actually not quite that simple. From Rio's website: Grasberg Grasberg, located in the province of Papua in Indonesia, is one of the world's largest copper and gold mines in terms of ore reserves and production.
Commentary from SkyTruth: "News that Rio Tinto is negotiating to sell out its stake in the massive Grasberg Mine in West Papua (Irian Jaya). We've written about this mine before: uncontrolled dumping of tailings into rivers flowing past the mine has caused the deposition of tailings across a broad swath of former rainforest downstream, creating a moonscape 30 miles long and up to 2-1/2 ...
