Medco Energi has acquired 82.2% of Amman Mineral for $2.5 billion.
The transaction will be one of the largest in the relevant mineral space and will represent a significant expansion of the listed Indonesian Group’s business.
AMI recently acquired Newmont from Newmont Mining Corporation and Sumitomo Corporation.
Medco Energi has now acquired AMI, taking control of the Batu Hijau mine.