Australia-listed Newcrest Mining Limited is seeking a buyer for a 26 per cent stake in Indonesia-based gold mining company Nusa Halmahera Mineral (NHM) to meet regulatory requirements, a company executive told DealStreetAsia.
Newcrest is required to reduce its ownership in NHM from the current 75 per cent before 26 June 2020 in accordance with Indonesia’s mining law, the company’s investor relations and media head Christopher Maitland said.
