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Newmont exiting Indonesia with US$1.3b sale of assets

Saturday, July 2, 2016 - 05:50
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Newmont Mining Corp, the largest US bullion producer, agreed to sell its Indonesian copper and gold assets for US$1.3 billion to a local consortium, as the country pushes miners to build smelters rather than exporting raw materials.

Toronto

NEWMONT Mining Corp, the largest US bullion producer, agreed to sell its Indonesian copper and gold assets for US$1.3 billion to a local consortium, as the country pushes miners to build smelters rather than exporting raw materials.

PT Amman Mineral Internasional, a closely