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Rio has stayed too long at Grasberg

Rio Tinto set to sell out of Grasberg. Not before time either, writes Barry FitzGerald.

Barry FitzGerald*
The vast Grasberg pit

The vast Grasberg pit

Rio or RTZ as it has been there since 1995, having beaten what was its Australian-listed subsidiary CRA to the punch when Freeport went looking for funds to finance the development of Grasberg (grass mountain)...

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