https://www.miningweekly.com

After receiving Indonesia permit, Newmont lifts 2014 outlook

After receiving Indonesia permit, Newmont lifts 2014 outlook

Photo by PT Newmont Nusa Tenggara

23rd September 2014

By: Henry Lazenby

Creamer Media Deputy Editor: North America

  

Font size: - +

TORONTO (miningweekly.com) – US gold and copper miner Newmont Mining on Tuesday lifted its Indonesian production outlook after it on Monday reported that the Indonesian government had given it a permit to resume copper concentrate exports.

After resolving export issues in Indonesia, Newmont said that it now expected to produce between 55 000 oz and 65 000 oz of gold from Batu Hijau, up from its second-quarter assumption that the mine would remain on care and maintenance until at least January 2015, with output stalled at between 15 000 oz and 20 000 oz.

Newmont lifted its Indonesian copper outlook to between 65 000 t and 75 000 t at Batu Hijau, up from 15 000 t to 20 000 t for the full year.

For the full-year 2014, the Denver, Colorado-based mining major said that it now expected to produce between 120 000 t and 125 000 t of copper across all operations, up from its second-quarter guidance update of 80 000 t to 95 000 t.

Newmont raised its 2015 total copper output guidance to between 250 000 t and 270 000 t, up from previously revised expectations of 220 000 t to 240 000 t.

The company also raised its consolidated gold output guidance for 2015 to between 5.21-million and 5.71-million ounces, up  from 5.1-million to 5.4-million ounces.

Edited by Creamer Media Reporter

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Latest News

Magazine round up | 19 June 2026
Magazine round up | 19 June 2026
19th June 2026

Showroom

Schauenburg SmartMine IoT
Schauenburg SmartMine IoT

SmartMine IoT has been developed with the mining industry in mind, to provides our customers with powerful business intelligence and data modelling...

VISIT SHOWROOM 
Axiom Hydraulics
Axiom Hydraulics

Axiom Hydraulics is a trusted leader in South Africa’s hydraulic industry, delivering world-class components, systems, and engineering expertise...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 19 June 2026
Magazine round up | 19 June 2026
19th June 2026

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.041 0.064s - 111pq - 2rq
Subscribe Now