JAKARTA, July 4 Indonesia will offer a stake of
7 percent in a unit of U.S.-based Newmont Mining Corp to
a local government, after a long dispute over who should get the
share in the copper and gold miner.
"The government has no budget allocation for the purchase,
so we will hand it over to the local government," Coordinating
Economic Minister Hatta Rajasa said.
Newmont, the world's second-biggest gold producer, has long
been caught in a lengthy legal battle between business-backed
local government and central authorities for the right to buy
the stake it is divesting in the Batu Hijau mine in West
Newmont operates the mine in partnership with Japan's