Newmont Exiting Indonesia in $1.3 Billion Sale to Local FirmBy and
U.S.-based miner says Sumitomo Corp. is also part of the deal
Transaction contingent on government and valid export license
Newmont Mining Corp., the largest U.S. bullion producer, agreed to sell its Indonesian copper and gold assets for $1.3 billion to a local consortium, as the country pushes miners to build smelters rather than exporting raw materials.
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