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Newcrest lowers Gosowong stake

GOLD major Newcrest Mining will receive up to $US160 million ($A153.4 million) from Antam for a 7.5% stake in the Gosowong mine in Indonesia.

Kristie Batten
Newcrest lowers Gosowong stake

Antam will acquire a 7.5% stake in PT Nusa Halmahera Minerals, the subsidiary that holds the contract of work for the project. Newcrest will receive $160 million, comprising $130 million cash and a...

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