Newmont inks agreement for final Batu Hijau sale

Newmont Mining has signed a definitive agreement with the Indonesian government for the sale of the last seven percent stake it and partner Sumitomo are required to divest in the Batu Hijau copper/gold mine. Newmont and partner Sumitomo agreed...

Newmont waits for Indonesia govt response on last Batu Hijau stake

US gold-miner Newmont Mining has not yet received a response from the government of Indonesia, after offering to sell the final 7% stake in its Batu Hijau copper/gold mine, as required by a contract of work agreed to in 1986. The companies...

Newmont, Sumitomo sell another 7% of Batu Hijau

Colorado-based Newmont Mining and partner Sumitomo Corp have sold another 7% of the company that owns their Batu Hijau copper/gold mine in Indonesia to local entities. PT Multi Daerah Bersaing (PTMDB), a consortium owned by regional and local...

Newmont sells 10% of Batu Hijau, extends deadline for rest

Colorado-based Newmont Mining and partner Sumitomo Corporation have completed the sale of 10% in their Batu Hijau copper/gold mine, in Indonesia. Newmont's ownership in PT Newmont Nusa Tenggara (PTNNT), which owns the Batu Hijau mine has now been...

Newmont negotiating with Indonesia govt as divestiture deadline looms

Newmont Mining continues to hold talks with the government of Indonesia, ahead of a November 12 deadline for the sale of a total of 24% of the Batu Hijau copper/gold mine, CEO Richard O'Brien said on Thursday. The company understands that the...