Article: BRIEFING - ASIA MINING - JULY 23, 2009.

An executive briefing on mining for July 23, 2009, prepared by Asia Pulse (http://www.asiapulse.com), the real-time, Asia-based wire with exclusive news, commercial intelligence and business opportunities.

INDONESIAN JV ESTABLISHED TO ACQUIRE STAKE IN NEWMONT MINE

JAKARTA - Three district administrations in Indonesia's West Nusatenggara have finally agreed with PT Multicapital to establish a joint venture to acquire 10 per cent stake in US PT Newmont Nusa Tenggara (NNT), an operator of a copper mine in that region.

The joint venture company PT Multi Daerah Bersaing (MDB) will buy the stake at a price of US$391 million.

RIO COMMITTED TO ...

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