Newmont Shares Fall 11%

VIVAnews - PT Newmont Nusa Tenggara offered its share divestment by 14 percent lower than the previous offer of US$774 million.

Director General of Mineral, Coal and Geothermal Bambang Setiawan said the current valuation of Newmont share reaches US$4.9 billion. "The offer is 11 percent lower," he said on Friday, April 24. 

Setiawan said despite the decreased price, the government has yet to decide whether or not to buy the share divestment.

President Director of PT Newmont Pacific Nusantara Martiono Hadianto said Newmont applies price, inflation and cost assumptions as the indicator for estimating the price.

Khawatir Ada Aksi saat Putusan Sengketa Pilpres, TKN Siapkan Satgas Khusus

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Translated by: Bonardo Maulana Wahono

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19 April 2024