23 November, 2009
Indonesia, Newmont agree further 14 pct stake sale
JAKARTA, Nov 23 (Reuters) - A consortium of Indonesian local governments has agreed to buy an additional 14 percent stake in a local unit of Newmont Mining Corp. (NEM.N), a Newmont official said on Monday.
The purchase will resolve a divestment dispute between the government and the foreign owners of PT Newmont Nusa Tenggara which runs the Batu Hijau copper and gold mine in Sumbawa island. (Reporting by Fitri Wulandari, editing by Sara Webb) ((fitri.wulandari@reuters.com; Reuters Messaging: fitri.wulandari.reuters.com@reuters.net; +62 21 384 6364 ext 904)) ((If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com))
Source: http://www.reuters.com
Indonesia, Newmont agree further 14 pct stake sale Added: (23.11.2009)
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