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View all search resultsRio Tinto Chief Executive Jean-Sebastien Jacques on Friday apologized for distress caused by Rio's destruction last month of two ancient and sacred Aboriginal caves in Western Australia, pledging full cooperation with an Australian government inquiry.
State-Owned Enterprises Minister Rini Soemarno has said the government is aiming at concluding its negotiations with Rio Tinto on the purchase of the latter’s interests in Papua’s Grasberg mine -- the world’s largest gold and second-largest copper mine.
PT Adaro Energy, Indonesia's largest coal miner by market capitalization, has entered a binding agreement with Melbourne-based private equity firm EMR Capital to acquire Rio Tinto’s 80 percent stake in its remaining coal mine in Australia at an estimated transaction value of US$2.25 billion.