Multicapital: May Buy Newmont Unit Stake For Around IDR4.1 Trillion

Discussion in 'Trading' started by terence0001, Jul 13, 2009.

  1. JAKARTA -(Dow Jones)- Indonesian investment firm PT Multicapital and three local governments may pay about IDR4.1 trillion ($401 million) for a 10% stake in the local unit of Newmont Mining Corp. (NEM), a Multicapital executive told Dow Jones Newswires Monday.

    Hariyadi, a director at Multicapital who uses a single name, didn't elaborate on when the consortium might complete its planned purchase of the stake in PT Newmont Nusa Tenggara, or PTNNT, the Newmont unit.