Indonesian state miners may partner with a consortium including prominent businessman Arifin Panigoro to buy a stake in Newmont Mining Corp’s local operations, an official at the state enterprises ministry said on Friday.
Panigoro’s group has offered to buy a controlling stake in PT Newmont Nusa Tenggara, which runs Indonesia’s second-biggest copper and gold mine, in a deal that industry insiders have said could reach $2 billion.
The state miners are currently in talks with Panigoro’s group, Fajar Harry Sampurno, deputy for mining, strategic industries and media at the state enterprises ministry, told Reuters by phone.
Source: Reuters
