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Article: BRIEFING - ASIA MINING - JULY 23, 2009.
- Article from:
- AsiaPulse News
- Article date:
- July 23, 2009
CopyrightCOPYRIGHT 2009 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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An executive briefing on mining for July 23, 2009, prepared by Asia Pulse (http://www.asiapulse.com), the real-time, Asia-based wire with exclusive news, commercial intelligence and business opportunities.
INDONESIAN JV ESTABLISHED TO ACQUIRE STAKE IN NEWMONT MINE
JAKARTA - Three district administrations in Indonesia's West Nusatenggara have finally agreed with PT Multicapital to establish a joint venture to acquire 10 per cent stake in US PT Newmont Nusa Tenggara (NNT), an operator of a copper mine in that region.
The joint venture company PT Multi Daerah Bersaing (MDB) will buy the stake at a price of US$391 million.
RIO COMMITTED TO ...