June 30, 2018 / 6:21 AM / 2 months ago

CORRECTED-Indonesia’s Inalum close to acquiring Rio interest in Grasberg copper mine -official

(Corrects name of the deputy state-owned enterprises minister)

JAKARTA, June 30 (Reuters) - Indonesia’s state-owned mining holding company, PT Inalum, is close to finalising a multi-billion-dollar deal to acquire Rio Tinto’s participating interest in the giant Grasberg copper mine, operated by Freeport McMoRan Inc, a government official said.

“Now we are preparing contracts. You could say it’s already completed - all that’s left is the finalisation of documents that need to be signed,” Deputy State-Owned Enterprises Minister Fajar Harry Sampurno told reporters.

Sampurno added that the acquisition valued at “below $4 billion” would be announced by the government “in the near future” and may be completed in July. (Reporting by Cindy Silviana Writing by Fergus Jensen)

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