Deals
Newmont Hoping to Sell Entire Indonesia Stake to Private Group
- CEO says govt hasn't shown interest in exercising right to buy
- Private investor group yet to lock down financing: Goldberg
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A potential sale of Newmont Mining Corp.’s Indonesian assets to a group of private investors could include a stake that the government has so far snubbed, according to the biggest U.S. gold miner.
Newmont is working with partner Sumitomo Corp. to sell both companies’ entire stakes in PT Newmont Nusa Tenggara, Chief Executive Officer Gary Goldberg said in a telephone interview on Thursday. The unit owns Batu Hijau, the second biggest copper and gold mine in Indonesia.