It’s been nearly three months since Arifin Panigoro, significant shareholder of Medco Energi (MEDC), announced a plan to acquire 76% shares in PT Newmont Nusa Tenggara (NNT) for US$2.2 billion. Newmont Mining Ltd yet to release anything about the proposed acquisition. Gold prices, however, have gained more than 15% since then.To subscribe please click here
