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Newmont to sell Indonesia venture stake for $494M
Quick ReadNewmont Mining agrees to sell 14 percent share in Indonesian venture for $494 million
DENVER (AP) — Newmont Mining has agreed to sell a 14 percent stake in an Indonesian gold mine for $494 million, ending a years-long dispute with the Indonesian government over how the mining company should sell shares as required under its contract to operate in the country.
Newmont shares ownership of the Batu Hijau mine with Japan's Sumitomo Corp. and Indonesia's PT Pukuafu Indah. The Denver-based...
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