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NEM Nemetschek SE

86.05
-0.80 (-0.92%)
20:53:04 - Realtime Data
Share Name Share Symbol Market Type
Nemetschek SE TG:NEM Tradegate Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.80 -0.92% 86.05 85.80 85.95 86.70 85.05 86.70 2,179 20:53:04

Indonesia Aims To Determine Newmont Unit Stake Value In Jul

12/06/2009 9:06am

Dow Jones News


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Indonesia's government will seek independent appraisal on the value of the stake it plans to buy in Newmont Mining Corp.'s (NEM) local unit and hopes to determine the value of the stake next month, the mines minister said Friday.

"There is a difference in the values (determined by the government and Newmont) of about IDR5 trillion, so it is best to seek independent appraisal, and we will hope to have the result in July," Minister for Energy and Mineral Resources Purnomo Yusgiantoro told reporters. He didn't elaborate further.

The government plans to buy a 21% stake in PT Newmont Nusa Tenggara by next year. Newmont has said the company is worth $4.9 billion. But the government has said it is worth less than $4 billion. Neither have yet revealed what they consider the 21% stake to be worth.

-By Deden Sudrajat, contributing to Dow Jones Newswires; 62 21 3983 1277; Reuben.Carder@dowjones.com

 
 

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