CAPITAL MARKETS

Newcrest pulls out of Tandai

SUMATRA Copper & Gold and Newcrest Mining have terminated a $US12 million ($A12.9 million) joint venture agreement over the Tandai project in Indonesia.

Kristie Batten
Newcrest pulls out of Tandai

In a deal first struck in 2010, Newcrest was to spend the cash over a five-year period to earn a 70% stake in the project. Up until July 2013, Newcrest had spent about $4.7 million but Sumatra was...

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