Indonesia, addressing Newmont Minahasa Raya mining company In June 2004, the Newmont Minahasa Raya (NMR) gold mine in Indonesia will shut down. Colorado-based Newmont is the world s most profitable gold mining company. Newmont touts its policies
· In July 2014, Newmont Mining Corporation brought a case against Indonesia using the Indonesia-Netherlands BIT at the International Centre for the Settlement of Investment Disputes (ICSID). 1 In making the legal claim, the mining giant argued that the Indonesian Government''s plans to implement a ban on unprocessed mineral exports would violate the investment agreement between Indonesia …
Newmont Mining Indonesia In Jakarta Jakarta Raya newmont backs socially conscious shareholder move,newmont mining corp., the world''s second-largest gold miner, said on the pollution trial has been seen as a test of jakarta''s attitudes toward foreign in addition ...
· Newmont Mining Corporation (NYSE: NEM) (Newmont or the Company) has entered into a binding share sale and purchase agreement with PT Amman Mineral Internasional (PT AMI) to sell its interests in PT Newmont Nusa Tenggara (PTNNT), which operates the Batu Hijau copper and gold mine in Indonesia . The total consideration is $1.3 billion for Newmont''s 48.5 percent economic interest in …
In July 2014, Newmont Mining Corporation brought a case against Indonesia using the Indonesia-Netherlands BIT at the International Centre for the Settlement of Investment Disputes (ICSID). In making the legal claim, the mining giant argued that the Indonesian Government''s plans to implement a ban on unprocessed mineral exports would violate the investment agreement between Indonesia and the ...
Newmont Mining vs. Indonesia: Netherlands – Indonesia BIT rolls back implementation of new Indonesian mining law photo by skytruth / cc by nc sa 2.0 Amount demanded: Data not available Outcome: Case settled (company given special exemptions from the new
· In July 2014, Newmont Mining Corporation brought a case against Indonesia using the Indonesia-Netherlands BIT at the International Centre for the Settlement of Investment Disputes (ICSID). [1] In making the legal claim, the mining giant argued that the Indonesian Government''s plans to implement a ban on unprocessed mineral exports would violate the investment agreement between Indonesia …
Newmont Enhances Portfolio With Approval of Ahafo North Project. Jul 1st 2021. Newmont Announces Second Quarter 2021 Earnings Call. Jun 23rd 2021. Newmont Launches First Climate Strategy Report. Jun 3rd 2021. Newmont Publishes 2020 Sustainability Report. May 17th 2021. Newmont Completes Acquisition of GT Gold.
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.
· Indonesia''s Minister for Energy and Mineral Resources Jero Wacik opened the possibility for Newmont Nusa Tenggara, subsidiary of US-based gold miner Newmont Mining Corporation, to resume exports of ore concentrates, provided that Newmont shows its ...
Newmont appealed but North Sulawesi''s provincial court in Manado confirmed the decision. On April 12 the Supreme Court suspended the closure order. The district authority dropped its charges and in exchange Newmont agreed to pay between $400,000 and $500,000 in taxes on overburden removed from the mine. One report states that the company also ...
· In July 2014, Newmont Mining Corporation brought a case against Indonesia using the Indonesia-Netherlands BIT at the International Centre for the Settlement of Investment Disputes (ICSID). 1 In making the legal claim, the mining giant argued that the Indonesian Government''s plans to implement a ban on unprocessed mineral exports would violate the investment agreement between Indonesia …
30 June 2016 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 ...
· In a setback for environmental accountability in Indonesia, Newmont Mining Corporation was acquitted last month by an Indonesian court of pollution charges and endangering peoples'' health in Buyat Bay. Despite extensive community organizing and local health and environmental assessments, Newmont was acquitted of all charges of pollution ...
He started with Newmont in September 1996 and has spent the past 10 years in corporate development and Indonesia-focused roles, following 13 years in legal positions with the company. He worked extensively in Indonesia over the years, living in Jakarta and Singapore, and also worked and lived in Adelaide following the 2002 merger with Normandy Mining.
· Gold and copper miner says selling its stake is aligned with priorities to lower debt, fund highest margin projects. The WSJ reports, the U.S. gold producer Newmont Mining Corp. said Thursday that it would sell its 48.5% economic interest in the operator of the Batu Hijau copper and gold mine in Indonesia to local company PT Amman Mineral Internasional for $1.3 billion.
Indonesia accounts for 30% of Newmont''s net income. More than $2 billion has been invested in the company''s operations there since 1985, said Gallagher. Newmont''s only working mine in Indonesia now is in Batu Hijau in West Sumbawa province, where 7,000 workers excavate copper and gold estimated to …
In July 2014, Newmont Mining Corporation brought a case against Indonesia using the Indonesia-Netherlands BIT at the International Centre for the Settlement of Investment Disputes (ICSID). In making the legal claim, the mining giant argued that the Indonesian Government''s plans to implement a ban on unprocessed mineral exports would violate the investment agreement between Indonesia and the ...
· Newmont Mining Corporation (NYSE: NEM) (Newmont or the Company) successfully completed the sale of its ownership stake in PT Newmont Nusa Tenggara (PTNNT), which operates the Batu Hijau copper and gold mine in Indonesia, to PT Amman Mineral Internasional (PTAMI). The asset''s name now changes to PT Amman Mineral Nusa Tenggara (PTAMNT). Newmont received …
· In July 2014, Newmont Mining Corporation brought a case against Indonesia using the Indonesia-Netherlands BIT at the International Centre for the Settlement of Investment Disputes (ICSID). In making the legal claim, the mining giant argued that the Indonesian Government''s plans to implement a ban on unprocessed mineral exports would violate the investment agreement between Indonesia …
Netherlands – Indonesia Bilateral Investment Treaty rolls back implementation of new Indonesian mining law 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