May 22, 2018 / 10:30 PM / a year ago

REFILE-Australia's Rio Tinto in talks with Inalum, Freeport for Grasberg stake

(Refiles to fix dateline.)

May 23 (Reuters) - Rio Tinto Ltd on Wednesday confirmed it was in discussions with Inalum and Freeport-McMoRan regarding a potential purchase of its stake in the Grasberg mine by Inalum, including the price.

Noting reports of the potential purchase by Inalum - also known as PT Indonesia Asahan Aluminium - of Rio’s interest in the Grasberg mine in Indonesia for $3.5 billion, Rio said no agreement had been reached, and that there was no certainty that binding agreements will be signed. (Reporting by Chris Thomas in Bengaluru, editing by G Crosse)

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