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The Australian-British mining company Rio Tinto sells its stake in the Indonesian mine Grasberg, owned by Inalum, for 3.5 billion dollars, the finversia.ru project wrote with reference to the message from Rio Tinto. It is noted that the companies signed a non-binding agreement on future ownership rights to the Grasberg mine. They plan to sign all legal obligations of the agreement before the end of the year. The deal should be approved by the state regulatory bodies. Rio Tinto, one of the leading in terms of market capitalization mining and metals companies in the world, owns 40% of the production at the mine.
On Friday, the Chinese technology company ByteDance said that it would consider listing its domestic businesses in Hong Kong or Shanghai due to rising Sino-U.S. tensions. The company's standalone listing in Hong Kong or Shanghai might value ...
On Friday, Caterpillar Inc (CAT.N) announced a lower second-quarter profit because of the recession caused by the coronavirus outbreak. The decline was due to lower sales volume and changes in dealer inventories. During the second quarter ...
Indonesia on Wednesday rolled out a 100 trillion Rupiah ($6.92 billion) loan guarantee scheme for prioritized businesses to keep them afloat as the COVID-19 situation continued to worsen around the world, the country’s finance minister ...
Bloomberg News reported on Thursday that Elon Musk’s Space Exploration Technologies Corp. (SpaceX) is in talks to raise new funds at a valuation of $44 billion. The aerospace company said that it is in discussions with a number of investors ...
On Tuesday, Ebay Inc. (EBAY.O) announced that it had reached a deal to sell off its classified ads business unit to Adevinta ASA (AD5B), a Norway-based classified ads publisher owned by Danish media company Schibsted (SBSTA.OL). The classified ...
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