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Jakarta Post
The Jakarta Post
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Economy in brief: Medco to buy 44.3% stake in MacMahon

  • The Jakarta Post

Jakarta | Mon, July 17 2017 | 12:19 am

PREMIUM Publicly listed oil and gas company PT Medco Energi Internasional, through its subsidiary PT Amman Mineral Nusa Tenggara (AMNT), is set to acquire 44.3 percent of the shares of Australia-based mining contractor MacMahon Holdings.On May 4, MacMahon signed an agreement with AMNT to provide mining services at the latter’s Batu Hijau mine in Sumbawa, which produced 798,000 ounces of gold and 216,363...