Newmont's stake in Indonesia's mining subsidiary to be bought out by Medco founder, partners

Newmont's stake in Indonesia's mining subsidiary to be bought out by Medco founder, partners

Image of gold ore. Credit: Flickr/James St. John

Founder of Indonesia’s largest private oil and gas company PT Medco Energi Tbk (MEDC) Arifin Panigoro said he and his partners are in talks to buy out shares of copper and gold miner PT Newmont Nusa Tenggara (NNT).

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