New York, July 05, 2016 -- Moody's Investors Service commented that Newmont Mining Corporation's (Newmont -- Baa2, stable) sale of its 48.5% economic interest in PT Newmont Nusa Tenggara, which operates the Batu Hijau copper and gold mine in Indonesia, is credit positive. Cash proceeds of $920 million will be received at closing while a further $403 million could be received contingent upon metal price levels and the development of Elang.
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