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.

Newcrest pulls out of Tandai Newcrest pulls out of Tandai Newcrest pulls out of Tandai Newcrest pulls out of Tandai 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.

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