Thursday, August 12, 2010

Bumi Resources (BUMI, Rp1,660)

Mulling over 7% stake in Newmont Nusa Tenggara Bumi Resources via its joint venture Multi Daerah Bersaing may add 7%
stake in gold and copper mine Newmont Nusa Tenggara (NNT) as the company is still following the process of the share sales. NNT foreign shareholders had offered 7% divestment stake at US$444.08mn to the Government of Indonesia, higher than last year’s 7% divestment stake which worth US$246.8mn. – Investor Daily

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