RE: Indonesia''''s Antam:Somebody help me out here. Why is Antam and the Indonesian Government not interested in Newmont's Bata Hijau mine? My understanding is that Newmont offered to sell a 10% stake "it is currently under obligation" to the Indonesian Government.
Harmony305
"Antam said that Freeport is currently under no obligation to sell a 9.36 percent stake in PTFI. It added that it is also considering acquiring another 9.36 percent stake in PTFI currently held by the Indonesian government, with the possibility of eventually owning 18.72 percent".
""We continue to look at all the opportunities to acquire gold assets in Indonesia as part of our gold acquisition plans, including the possibility of acquiring a stake in PT Freeport Indonesia, a possibility we have known about for many years," Antam's President Director, Dedi Aditya Sumanagara, said."