12 hours ago
Sondakh's Rajawali Is Said to Put Sale of Indonesian Gold Miner Archi on Hold
PT Rajawali Corp., an Indonesian conglomerate owned by tycoon Peter Sondakh, has halted a potential sale of its controlling interest in gold miner PT Archi Indonesia, according to people with knowledge of the matter.
The decision to pause the process was made because Archi's financial position has improved following an increase in the price of gold, the people said, asking not to be identified discussing confidential information.
