Rio Tinto has recently noted reports of the potential purchase by PT Indonesia Asahan Aluminium (Persero) (Inalum) of Rio Tinto's entire interest in the Grasberg gold mine in Indonesia for US$3.5 billion.
Rio Tinto confirms that discussions between the company, Inalum and Freeport are ongoing, including a decision on the price.
No agreement has yet been reached, and there is no certainty that any binding agreements will be signed.
This announcement contains inside information.