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Newmont agrees to Indonesian share divestment
Bangkok News.Net
Tuesday 24th November, 2009
The Denver-based Newmont Mining Corp has taken a agreed to transfer a 14 percent stake in its Indonesian joint venture mine to a private company and to a consortium of regional and local Indonesian governments.
The proceeds from the deal are expected to total about $500 million.
Newmont has said the 14 percent stake in its PT Newmont Nusa Tenggara mine will be transferred to PT Multi Daerah Bersaing.
A separate 10 percent divestment was sold to the consortium last week, with Newmont receiving about $390 million.  Email this story to a friend
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