#Newmont Exiting #Indonesia in $1.3 Billion Sale to Local Firm- PT Amman Mineral Internasional

PT Amman Mineral Internasional, a closely held Indonesian company backed by three local banks, will buy #Newmont’s 48.5 percent interest in PTNNT, which operates the Batu Hijau mine, the Greenwood Village, #Colorado-based company said in a statement. #Sumitomo Corp. also agreed to sell its stake in an asset that Newmont says has a gross valuation of more than $2.5 billion.

Read more at: http://www.bloomberg.com/news/articles/2016-06-30/newmont-and-sumitomo-enter-pact-to-sell-indonesian-mine-stake

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