Newcrest sells 7.5% stake in Indonesian gold mine to PT Antam

BrightWire News | December 2, 2012 | 1:10 am Precious Metals Asia Gold 

Newcrest Mining today announced the sale of its 7.5% stake in Indonesia’s Gosowong gold mine to PT Antam for USD 160 million.

Antam will pay Newcrest a further USD 30 million, subject to an additional one million ounces of gold being defined at the site by December 2017.

The agreement remains subject to regulatory approvals in Indonesia.

Source Nine MSN via BrightWire News

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