The transnational mining corporation Rio Tinto is at the stage of negotiations for the sale of its shares in the Indonesian mine Grasberg on the island of New Guinea. The value of the stake in Rio Tinto is estimated at 3.5 billion dollars and the potential buyer is the Indonesian state holding Inalum. At the moment, no agreement has been reached. The reason for the sale of the share of Rio Tinto is connected with the policy of "resource nationalism" of the government of Indonesia, which creates risks for further operation of the enterprise.
Since the beginning of May, shares of Rio Tinto have grown by 7.4% and will continue their further growth. Trading will be available during the European session, from 7:15 to 15:40 GMT time.
The information and recommendations contained in this analytical document are published strictly for information purposes and are not considered as an offer to buy or sell the trading tools mentioned above and are not intended to motivate to perform certain transactions