PTNNT Looks Forward to the Long Term Success of Batu Hijau with Sale Agreement 

Jakarta, June 30, 2016 – PT Newmont Nusa Tenggara’s (PTNNT) management welcomed today’s announcement to purchase the company and looks forward to PT Amman Mineral Internasional (PTAMI) continuing normal production while also maintaining the operation’s high standards for safety, environmental stewardship and social responsibility.

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Friday, July 01, 2016 7:22:00 AM Categories: Management

Newmont Ranked Mining Industry Leader by Dow Jones Sustainability World Index 

DENVER, Sept. 10, 2015 – Newmont Mining Corporation (NYSE: NEM) was ranked by the Dow Jones Sustainability World Index (DJSI World) as the mining industry’s leader in overall sustainability, marking the ninth consecutive year the company has been included on the index.

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Tuesday, September 15, 2015 9:57:00 AM Categories: Management

The Results of 2014 Teluk Buyat Enviromental Monitoring 

The Independent Scientific Panel (PII) conducted environmental monitoring of Buyat Bay environment in 2014 as a follow-up to the mandate of the agreement between the Government of the Republic of Indonesia and PT Newmont Minahasa Raya (NMR) under a Goodwill Agreement signed on 16 February 2006. The activity aimed to identify whether there were any impacts of NMR’s 8 (eight) years (1996-2004) tailing placement on the quality of the marine environment and community health. The Panel is comprised of 6 (six) experts, 3 (three) representing the Government and NMR each, under the coordination of the Minister of Research and Technology and Higher Education working on the basis of the Guiding Principles. Every year the Panel develops environmental monitoring methodology, including Quality Assurance/Quality Control that meets national and international standards.

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Monday, May 18, 2015 1:15:00 PM Categories: Environment

PTNNT Receives Export Permit, Shipments Expected to Resume This Week 

Jakarta, September 22, 2014 -- PT Newmont Nusa Tenggara (PTNNT) today announced that the company received its export permit and anticipates copper concentrate shipments to resume this week.

Ramp up operations have been underway since early September, following signing of a Memorandum of Understanding (MoU) with the Government of Indonesia, and planned milling and mining levels are expected to be achieved during October. All employees and contractors necessary to maintain normal operations are being recalled in stages and will go through refresher safety training and reintegrated into their roles over the next six to eight weeks.

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Monday, September 22, 2014 5:13:00 PM Categories: Government Management

Newmont Named to Dow Jones Sustainability World Index for Eighth Consecutive Year 

DENVER, Sept. 16, 2014 – Newmont Mining Corporation (NYSE: NEM) was named to the Dow Jones Sustainability World Index (DJSI World) for the eighth consecutive year. This year, the DJSI World – one of the most highly regarded sustainability indices – includes 319 global companies identified as leaders in the areas of sustainable economic, environmental and social performance. Newmont was the first gold company named to the index in 2007, and has been included on the DJSI North America Index every year since 2006.

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Friday, September 19, 2014 3:10:00 PM Categories: Awards Management

PTNNT to Resume Operations and Copper Concentrate Exports  

Jakarta, September 4, 2014 – PT Newmont Nusa Tenggara (PTNNT) and the Government of Indonesia signed a Memorandum of Understanding (MoU) that will result in the company receiving a permit to export copper concentrate.

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Thursday, September 04, 2014 1:36:00 PM Categories: Government Management

PTNNT Discontinues and Withdraws Arbitration Claim 

Jakarta, August 26, 2014 – Based on encouraging recent developments, PT Newmont Nusa Tenggara (PTNNT) announced today that the company and Nusa Tenggara Partnership BV (NTPBV), PTNNT’s majority shareholder, requested discontinuance and withdrawal of the arbitration claim filed with the International Centre for Settlement of Investment Disputes (ICSID) relating to the export restrictions that halted production at the Batu Hijau copper and gold mine.

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Tuesday, August 26, 2014 5:37:00 PM Categories: Government Management

Arbitration Filed Over Export Restrictions in Indonesia 

Jakarta, July 1, 2014 – PT Newmont Nusa Tenggara (PTNNT) and its majority shareholder Nusa Tenggara Partnership BV (NTPBV), a Dutch entity, announced the filing of international arbitration against the Government of Indonesia to seek relief from export restrictions that have halted production at the Batu Hijau mine and inflicted hardship and economic loss on PTNNT's employees, contractors, and other stakeholders.

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Tuesday, July 01, 2014 5:10:00 PM Categories: Government Management

PTNNT Suspends Operations at Batu Hijau 

Jakarta, June 5, 2014 – Following its announcement earlier this week that copper concentrate production at Batu Hijau was halted, PT Newmont Nusa Tenggara (PTNNT) today said it officially notified the government and employees that it is invoking the force majeure clause of its Contract of Work (CoW) due to ongoing export restrictions that prevent production from continuing. To minimize expenses and preserve the ability to return to normal operations in a timely fashion, approximately 80 percent of Batu Hijau's 4,000 employees will be placed on leave at reduced pay starting on June 6. PTNNT continues discussions with the government to seek a resolution of the export issues.

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Thursday, June 05, 2014 3:56:00 PM Categories: Government Management

PTNNT Provides Update on Batu Hijau Operations 

Jakarta, June 3, 2014 – Following its May announcement, PT Newmont Nusa Tenggara (PTNNT) today said that its copper concentrate storage facilities at Batu Hijau are now full, forcing the operation to halt processing activities and cease production of copper concentrate. PTNNT continues seeking clarity from the Government regarding Batu Hijau's ability to export concentrates.

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Tuesday, June 03, 2014 1:37:00 PM Categories: Government Management
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