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).

Newmont offloads 7% stake in Indonesian mine Newmont offloads 7% stake in Indonesian mine Newmont offloads 7% stake in Indonesian mine Newmont offloads 7% stake in Indonesian mine 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.

topics

loader