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Indonesia-Newmont agree on value of unit

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JAKARTA (Commodity Online): Indonesian government and PT Newmont Nusa Tenggara (NNT), a local unit of Newmont Mining Corp have agreed to value NNT’s assets at $3.52 billion.

The agreement on the valuation is a key step towards the divestment of foreign ownership in the unit.
NCDEX STEELLONGJUN12 20 June 2012 contract was trading at Rs 0 . What's your view on it?
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