Rio Tinto sells Grasberg stake for $3.5B; FCX to sell majority stake to Inalum [Seeking Alpha]
Rio Tinto Plc (RIO)
US:NYSE Investor Relations:
riotinto.com/investors-87.aspx
Company Research
Source: Seeking Alpha
Rio Tinto sells Grasberg stake for $3.5B; FCX to sell majority stake to InalumRio Tinto (NYSE:RIO) announces the signing of anon-binding agreement with Freeport McMoRan (NYSE:FCX) and Indonesia's Inalum state mining company outlining plans for the future ownership of the Grasberg copper and gold mine.Rio says the Heads of Agreement details proposed terms for the sale of its entire interest in Grasberg to Inalum for $3.5B.Rio had a joint venture with Grasberg operator FCX for a 40% share of Grasberg’s production above specific levels until 2021 and 40% of all production after 2021.The agreement also calls for Inalum to buy an additional stake in Grasberg from FCX as well as additional terms relating to the mine's future ownership and operation.FCX has not made an announcement, but Indonesian President Widodo says Inalum wouldincrease its stake in FCX’s local unit to 51% from the current 9.36%.FCX+1.4%, RIO+1.2% premarket.Click to subscribe to real-time analytics on FCXNow read:NGEx Res
Show less
Read more
Impact Snapshot
Event Time:
RIO
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
RIO alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
RIO alerts
High impacting Rio Tinto Plc news events
Weekly update
A roundup of the hottest topics
RIO
News
- Midland Amends Its Lithium Option Agreement With Rio Tinto With the Addition of the Wookie Project [Yahoo! Finance]Yahoo! Finance
- Midland Amends Its Lithium Option Agreement With Rio Tinto With the Addition of the Wookie Project [Financial Post (Toronto, Ontario, Canada)]Financial Post
- How a $10-billion copper mine became a cautionary tale for the energy transition [Financial Post (Toronto, Ontario, Canada)]Financial Post
- Rio Tinto donates $1.5 million to support the people and community of Grindavík in Iceland [Yahoo! Finance]Yahoo! Finance
- Rio Tinto donates $1.5 million to support the people and community of Grindavík in IcelandBusiness Wire
RIO
Analyst Actions
- 3/5/24 - Liberum Capital
RIO
Sec Filings
- 4/16/24 - Form SD
- 2/27/24 - Form IRANNOTICE
- RIO's page on the SEC website