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Indonesian investment agency to buy 7% of Newmont Indonesia

Mineweb | April 18, 2011 | 6:14 am Base Metals Precious Metals Top Companies Asia Copper Gold

The Indonesian government said on Sunday that state investment agency Pusat Investasi Pemerintah (PIP) would buy a 7 percent stake in Newmont Mining Corp’s Indonesian unit, paving the way for an initial public offering for the unit in coming months.