Newmont Mining In Indonesia

Newmont Mining to Sell Indonesian Mine for $1.3 Billion - …

30/06/2016· U.S. gold producer Newmont Mining Corp. NEM 1.49% said Thursday that it would sell its 48.5% economic interest in the operator of the Batu Hijau copper and gold mine in Indonesia …

PT Newmont Nusa Tenggara - Wikipedia

PT Newmont Nusa Tenggara is a subsidiary company of Newmont Mining Corporation that operates their Batu Hijau mine in Indonesia on the island of Sumbawa. Newmont holds a 45% stake in the company while the Sumitomo Corporation from Japanholds an additional 35% and Indonesian company P.T. Pukuafu Indah holds the remaining 20%. Newmont and Sumitomo are required to divest 51% of their stake in the joint venture Indonesian parties by 2010 by th…

Newmont Mining In Indonesia

Newmont halts Indonesia mining operations - FT.com. US mining group Newmont has halted operations at its Indonesian gold and copper mine and will put 3,200 workers on leave with reduced pay from Friday, after it failed ... Read more. Newmont Seeks Arbitration in Indonesia Copper Dispute ... Newmont Mining Corp. (NEM), the U.S. owner of the Batu Hijau mine in Indonesia, filed for …

The case of Newmont Mining vs Indonesia | Transnational ...

12/11/2014· Newmont Mining & Law No. 4 2009 on Mineral and Coal. Newmont is one of the world’s biggest mining companies, producing mainly gold. Headquartered in the United States, Newmont is active in Australia, Peru, Indonesia, Ghana, New Zealand and Mexico. Its entity in Indonesia is Newmont Nusa Tenggara; its majority shareholder is based in the Netherlands under the name Nusa …

Newmont withdraws mining arbitration case against …

Newmont Mining Corp has withdrawn an international arbitration filing against the Indonesian government, government and company officials said on Tuesday, indicating a possible breakthrough in a seven-month dispute that halted exports. Newmont's Indonesian Chief Executive Martiono Hadianto said the mining giant had reached a "constructive solution" over new mining rules and expected to …

PT Newmont Nusa Tenggara - Wikipedia

PT Newmont Nusa Tenggara is a subsidiary company of Newmont Mining Corporation that operates their Batu Hijau mine in Indonesia on the island of Sumbawa.. Newmont holds a 45% stake in the company while the Sumitomo Corporation from Japan holds an additional 35% and Indonesian company P.T. Pukuafu Indah holds the remaining 20%. Newmont and Sumitomo are required to divest 51% of …

Newmont Mining In Indonesia

Newmont halts Indonesia mining operations - FT.com. US mining group Newmont has halted operations at its Indonesian gold and copper mine and will put 3,200 workers on leave with reduced pay from Friday, after it failed ... Read more. Newmont Seeks Arbitration in Indonesia Copper Dispute ... Newmont Mining Corp. (NEM), the U.S. owner of the Batu Hijau mine in Indonesia, filed for …

Campaign Update: Newmont Faces Lawsuits in …

operator, the Newmont Mining Corporation, the world's largest gold producer. That fight now includes criminal and civil cases brought by the government against Newmont, a legal wrangle that has startled Indonesia's foreign investors and placed Newmont in an unwelcome spotlight. More than that, the cases have sown deep animosity and division here as

Newmont cleared in Indonesian pollution case | Reuters

24/04/2007· An Indonesian court on Tuesday cleared Newmont Mining Corp. and the American president of its local unit of dumping toxic waste into a bay near a gold mine in North Sulawesi and making people sick.

Newmont withdraws mining arbitration case against …

Newmont Mining Corp has withdrawn an international arbitration filing against the Indonesian government, government and company officials said on Tuesday, indicating a possible breakthrough in a seven-month dispute that halted exports. Newmont's Indonesian Chief Executive Martiono Hadianto said the mining giant had reached a "constructive solution" over new mining rules and expected to …

Newmont, Sumitomo to sell Indonesian mine to local ...

JAKARTA -- U.S. mining company Newmont Mining and Japan's Sumitomo Corp. will divest all their shares in the Batu Hijau copper and gold mine in Indonesia's West Nusa Tenggara Province, leaving a ...

Newmont Mining Declares Force Majeure in Indonesia - …

Newmont Mining declared force majeure in Indonesia amid a dispute over export taxes, an unusual move that allows the company to back out of contracts without penalty and could raise tensions with ...

Newmont withdraws mining arbitration case against …

Newmont withdraws mining arbitration case against Indonesia. By Michael Taylor and Yayat Supriatna. Aug 26 (Reuters) — Newmont Mining Corp has withdrawn an international arbitration filing against the Indonesian government, government and company officials said on Tuesday, indicating a possible breakthrough in a seven-month dispute that halted exports. Newmont’s Indonesian Chief Executive ...

Newmont selling Indonesian unit for $1.3 billion - …

30/06/2016· Newmont Mining (NYSE:NEM) said Thursday is selling its 48.5% stake in PT Newmont Nusa Tenggara, the operator of its Batu Hijau copper and gold mine in Indonesia…

Indonesia: Newmont Mining cleared in pollution trial ...

Manado, Indonesia – Newmont Mining Corp. and one of its executives were acquitted Tuesday of charges that the world’s biggest gold producer dumped dangerous amounts of toxic waste into a bay off of Indonesia’s Sulawesi Island. The trial of Richard Ness and Denver-based Newmont was closely watched by foreign investors in Indonesia, which has some of the world’s largest precious metal ...

Newmont withdraws mining arbitration case against …

Newmont withdraws mining arbitration case against Indonesia. By Michael Taylor and Yayat Supriatna. Aug 26 (Reuters) — Newmont Mining Corp has withdrawn an international arbitration filing against the Indonesian government, government and company officials said on Tuesday, indicating a possible breakthrough in a seven-month dispute that halted exports. Newmont’s Indonesian Chief Executive ...

Newmont Mining In Indonesia

Newmont halts Indonesia mining operations - FT.com. US mining group Newmont has halted operations at its Indonesian gold and copper mine and will put 3,200 workers on leave with reduced pay from Friday, after it failed ... Read more. Newmont Seeks Arbitration in Indonesia Copper Dispute ... Newmont Mining Corp. (NEM), the U.S. owner of the Batu Hijau mine in Indonesia, filed for …

Newmont withdraws mining arbitration case against …

Newmont Mining Corp has withdrawn an international arbitration filing against the Indonesian government, government and company officials said on Tuesday, indicating a possible breakthrough in a seven-month dispute that halted exports. Newmont's Indonesian Chief Executive Martiono Hadianto said the mining giant had reached a "constructive solution" over new mining rules and expected to …

Newmont Mining Declares Force Majeure in Indonesia - …

Newmont Mining declared force majeure in Indonesia amid a dispute over export taxes, an unusual move that allows the company to back out of contracts without penalty and could raise tensions with ...

Newmont Mining halts Batu Hijau mine in Indonesia - …

US-based gold miner Newmont Mining has placed its Batu Hijau mine in force majeure and intimated the Indonesian Government about its plans to put mine employees on leave with reduced pay. The decision comes days after Newmont’s Indonesian subsidiary the PT Newmont Nusa Tenggara (PTNNT) halted its production of copper concentrate at Batu Hijau mine, […]

Newmont Mining in Indonesia: Six employees held over ...

01/04/2005· When Indonesia's new President Susilo Bambang Yudhoyono meets with Prime Minister Howard and other government officials next week, the case of Australian Phil Turner and his six Newmont Mining company colleagues is likely to get an airing.. Mr Turner and his colleagues have been incarcerated by the Indonesian authorities over allegations that Newmont has polluted water in Buyat …

Newmont selling Indonesian unit for $1.3 billion - …

30/06/2016· Newmont Mining (NYSE:NEM) said Thursday is selling its 48.5% stake in PT Newmont Nusa Tenggara, the operator of its Batu Hijau copper and gold mine in Indonesia…

Tag: Newmont Mining Corporation | Indonesia …

Again a big western mining company plans to exit Indonesia. US-based Newmont Mining Corp reportedly agreed to sell its 48.5 percent stake in copper and gold miner Newmont Nusa Tenggara (the operator of the Batu Hijau mine) for USD $1.3 billion (including contingent payment of up to USD $403 million). The stake is set to be sold to Amman Mineral Internasional. Newmont Chief Executive Gary ...

Newmont: Corporate Rap Sheet | Corporate Research …

Newmont Mining is one of the world's largest gold mining companies and also one of the most controversial. Accusations of environmental and human rights abuses at its operations in countries such as Peru, Indonesia and Ghana have made the company a frequent target of corporate accountability campaigns for more than a decade. Despite its claims of being an ethical producer, Newmont has …

Newmont Corporation - Newmont Addressing …

DENVER, March 23, 2006 – Newmont Mining Corporation (NYSE: NEM) reported that it is revising its mine operating plan at its Batu Hijau operation in Indonesia to address recurring geotechnical instability of the operation's east pit wall. Preliminary estimates are that approximately 45 million equity pounds of copper and 60,000 equity ounces of gold production from Batu Hijau will be deferred ...