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Stake in miner to be sold: Newmont, Sumitomo will part with 10% of Indonesian unit
- Source :
- Wall Street Journal. Europe. July 14, 2009, A7
- Publication Year :
- 2009
-
Abstract
- Newmont Mining Corp. and Sumitomo Corp. were ordered by an international arbitration panel to reduce their ownership in mining firm PT Newmont Nusa Tenggara from a combined 80% to 49% by next year. A joint venture composed of investment firm PT Multicapital Indonesia and three Indonesian regional governments plan to buy a 10% stake in Newmont Nusa for about $400 million.
- Subjects :
- Newmont Mining Corp. -- Planning
Newmont Mining Corp. -- Mergers, acquisitions and divestments
Newmont Mining Corp. -- Subsidiaries, divisions and units
Sumitomo Corp. -- Planning
Sumitomo Corp. -- Mergers, acquisitions and divestments
Sumitomo Corp. -- Subsidiaries, divisions and units
P.T. Newmont Nusa Tenggara -- Securities
P.T. Newmont Nusa Tenggara -- Company forecasts
P.T. Newmont Nusa Tenggara -- Mergers, acquisitions and divestments
P.T. Newmont Nusa Tenggara -- Planning
Mining industry -- Mergers, acquisitions and divestments
Mining industry -- Investments
Mineral industry -- Mergers, acquisitions and divestments
Mineral industry -- Investments
Company business planning
Company acquisition/merger
Company investment
Company securities
Company business forecast/projection
Banking, finance and accounting industries
Business
Business, international
Subjects
Details
- Language :
- English
- ISSN :
- 09219986
- Database :
- Gale General OneFile
- Journal :
- Wall Street Journal. Europe
- Publication Type :
- News
- Accession number :
- edsgcl.204096813