M&A

Newmont offloads 7% stake in Indonesian mine

US MAJOR Newmont Mining plans to divest a 7% stake in its Batu Hijau copper-gold mine on the island of Sumbawa to the Indonesian Government for about $US325 million ($A389 million).

MiningNews.Net
Newmont offloads 7% stake in Indonesian mine

Bloomberg quoted Newmont spokesman Rubi Purnomo as saying that the offer was made based on a value of $4.65 billion for the mine. The offer is part of the company's plan to reduce its stake in the mine...

Start a free trial to continue reading this article
Already have an account?  
Subscribe now

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining News Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining News Intelligence team.

editions

MiningNews.net Research Report 2024

Access a multi-pronged tool to identify critical risks and opportunities in Australia’s mining industry.

editions

Mining Journal Intelligence Investor Sentiment Report 2024

Survey revealing the plans, priorities, and preferences of 120+ mining investors and their expectations for the sector in 2024.

editions

Mining Journal Intelligence Mining Equities Report 2023

Access an exclusive, inside look on the quarterly mining IPOs and secondary raisings data and mining equities performance tables with an annual Stock Exchange Comparisons supplement.

editions

Mining Journal Intelligence World Risk Report 2023 (feat. MineHutte ratings)

A detailed analysis of mining investment risks across 121 jurisdictions globally, built on 11 ‘hard risk’ metrics and an industrywide survey.