Mining for a pot of gold

PT Antam to appoint a financial advisor this week to decide if it should acquire a minority stake in Freeport Indonesia.

State-owned mining company PT Aneka Tambang Antam says it plans this week to appoint an independent financial advisor to help it conduct due diligence into the potential acquisition of a minority stake in PT Freeport Indonesia.

Antam is considering acquiring the government's 9.36% stake in the US copper and gold mining company Freeport Indonesia, which some analysts say is valued at $700 million.

The value is one of the key points an...

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