Newcrest completes Gosowong sale

Gold miner Newcrest Mining has finalised the sale of its Gosowong mine, in Indonesia, for $90-million.

The company in early February struck an agreement with PT Indotan Halmahera Bangkit to divest of its entire interest in Newcrest Singapore Holdings (NSH), which holds a 75% interest in PT Nusa Halmahera Minerals (PT NHM), which operates the Gosowong mine.