A consortium led by natural resources-focused private equity fund manager EMR Capital and global asset manager Farallon Capital Management has agreed to sell its 95 percent stake in Indonesia-based gold and silver mine Martabe to Indonesia-listed mining and heavy machinery company United Tractors for an enterprise value of US$1.21 billion. The consortium originally acquired its stake in Martabe in 2016 for US$775 million—of which US$285 million was equity—through Agincourt Resources, a special purpose vehicle. The transaction is expected to close before the end of 2018.