Originally published Monday, November 23, 2009 at 7:58 PM
Comments (0)
E-mail article
Print view
Share
Newmont to sell Indonesia venture stake for $494M
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.
The Associated Press
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 company says it will transfer the stake to private company PT Multicapital and PT Multi Daerah Bersaing, a consortium of regional and local Indonesian governments.
Last week, Newmont Mining Corp. said a separate 10 percent share was sold to the consortium, for proceeds of about $391 million.
E-mail article
Print view
Share
EU nations' reality: Greece's woes are theirs, too
Greece leads markets higher amid EU rescue hopes
RealNetworks makes key play with Rhapsody spinoff
Alaska Air dropping Jones Soda beverages, going back to Coca-Cola
Lots of Buzz over Google latest bid at social networking
More Business & Technology headlines...
Entertainment | Top Video | World | Offbeat Video | Sci-Tech
Open Houses
|
Find this weekend's open house listings.
Or search by location:
|
nwautos
Associated Press Study: Fatal crashes down in Washington Last year Washington's roads were the scene of the fewest fatal crashes since 1955. According...
Post a comment
nwjobs
Post a comment
Michelle Goodman blogs about work/life balance.
Five reasons to stick with a job you hate -- for now
Post a comment
- Alaska Air dropping Jones Soda beverages, going back to Coca-Cola
- Man found shot dead in pickup truck in Seattle
- Seattle is first U.S. stop for Picasso exhibit
- Husky Football Blog | Pac-10 expansion to get consideration over next year
- State Senate votes to clear way for tax increases
- Idol Confessions | "American Idol" hopeful from Seattle didn't make it to Hollywood afterall
- Belltown boulevard could be completed by early next year
- Nicole Brodeur | Chrisceda Clemmons' house wasn't the only casualty
- Teen is beaten in bus tunnel; Metro to review policies
- Brier Dudley's Blog | Google rolls its own Facebook & Twitter with Gmail "Buzz"
- Republicans may be no-shows at health-plan summit 277
- State Senate votes to clear way for tax increases 257
- Pac-10 expansion to get consideration over next year 249
- Lee undergoes foot surgery 233
- Obama: GOP and Dems together can spur job growth 213
- Fort Lewis soldier charged with abusing 4-year-old, holding her head in water 193
- Bus-tunnel attack while guards watched prompts review of Metro security 146
- Rivals names Martin one of Pac-10's best recruiters 143
- Belltown boulevard could be completed by early next year 128
- White House mocks Sarah Palin from podium 96
- Seattle is first U.S. stop for Picasso exhibit
- Belltown boulevard could be completed by early next year
- 747-8 soars smoothly on first outing
- Wine Adviser | Oregon's quality pinots join the bargain ranks
- Alaska Air dropping Jones Soda beverages, going back to Coca-Cola
- How clean are those pre-washed salad greens?
- Snap out of your photo funk: How to make sense of all those piles of images
- Answers to biggest Olympic TV questions
- Rick Steves' Europe | What's new in Rome and Venice for 2010
- Brier Dudley's Blog | Google rolls its own Facebook & Twitter with Gmail "Buzz"
