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Newmont selling Indonesian unit for $1.3 billion

Cecilia Jamasmie | June 30, 2016 | 3:48 am Base Metals Precious Metals Top Companies Asia Europe Copper Gold 

Newmont Mining (NYSE:NEM) said Thursday is selling its 48.5% stake in PT Newmont Nusa Tenggara, the operator of its Batu Hijau copper and gold mine in Indonesia, for $1.3 billion to PT Amman Mineral Internasional. The amount, said the Denver-based miner,...

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