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Dryblower watches Rio grow its cash pile as the share price heads back to $100

SELLING Grasberg is more than just another transaction for Rio Tinto because while the mine is no longer a core asset <i>Dryblower</i> reckons it is also the second-last important step in reshaping the wider mining industry – with BHP’s imminent sale of its US shale-oil interests the final move in what has been a grand garage sale.

Dryblower
Dryblower watches Rio grow its cash pile as the share price heads back to $100

More about BHP on another day because the Grasberg exit for a reported US$3.5 billion could prove to be a significant milestone in the history of Rio Tinto, clearing the way for the company's share price...

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