Newmont to close NNT stake sale

UNITED States mining giant Newmont Mining aims to finalise the sale of a 2% stake in its Indonesian subsidiary Newmont Nusa Tenggara (NNT) to the Sumbawa regency administration by the end of this month.

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The Jakarta Post quoted company spokesman Martiono Hadianto as saying he was optimistic that negotiations between Newmont and the Sumbawa administration would wrap up by January 31.