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Newcrest Mining Limited

( ASX:NCM ) - ASX200 Materials

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Analyst Views

NCM – Credit Suisse rates as Neutral

Under pressure from the Indonesian government Newcrest has been forced to accept, from FY19, an increase in the tax rate to 32% from 25% and the royalty rising to 3.75% from 0.7%. From FY21, the company must divest a further 26% of its ownership in Gosowong to 49% from 75%.

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