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Newmont Mining says Indonesia has extended divestiture deadline

Newmont Mining says Indonesia has extended divestiture deadline

Newmont Mining Corporation says the Indonesian government has extended the deadline for the company to divest 10 percent of its Indonesian subsidiary.
Denver-based Newmont, one of the world's largest gold producers, said Monday the new deadline is March 3.
The previous deadline for an agreement to divest had been Friday.
Under terms of a 1986 contract with Indonesia, the Newmont subsidiary is required to sell 51 percent to the Indonesia government or nationals by March 31, 2010.


Updated : 2021-01-18 19:12 GMT+08:00