Indonesia, Newmont agree further 14 pct stake sale

JAKARTA, Nov 23 - A consortium of Indonesian local governments has agreed to buy an additional 14 percent stake in a local unit of Newmont Mining Corp. <NEM.N>, a Newmont official said on Monday.

The purchase will resolve a divestment dispute between the government and the foreign owners of PT Newmont Nusa Tenggara which runs the Batu Hijau copper and gold mine in Sumbawa island. ((fitri.wulandari@reuters.com; Reuters Messaging: fitri.wulandari.reuters.com@reuters.net; +62 21 384 6364 ext 904)) ((If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com))