Shares of Medco Energi Internasional (MEDC) jumped 16.81% this morning with significant trading volume as some speculated on reports about Arifin Panigoro’s plan to acquire majority shares in gold-copper producer PT Newmont Nusa Tenggara (NNT). Newmont, however, poured cold water on the issue saying ‘no discussion related to our assets in Indonesia have met all of our sales criteria’.To subscribe please click here