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

PTNNT Expects to Ramp Down Production as Process to Secure Export Permit Not Yet Complete 

Jakarta, May 7, 2014 – PT Newmont Nusa Tenggara (PTNNT or the Company) today announced that the Batu Hijau copper and gold mine on Sumbawa Barat expects to ramp down production on or about June 1, unless ongoing discussions with the government lead to completion of the process to secure an initial export permit. In April, PTNNT obtained registered exporter status from the Ministry of Trade, a necessary milestone prior to receiving the export permit.

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Wednesday, May 07, 2014 11:42:00 AM Categories: Government Management

If Newmont closes down, what is the plight of thousands of its employees? 

The discourse over the closedown of PT Newmont Nusa Tenggara (PTNNT) early January 2014 has definitely worried some 9000 workers who have to date depended their life on the company based at Batu Hijau, West Sumbawa, West Nusa Tenggara Barat. The rumors over the company's closedown, according to Prayitno Basuki, an economic observer from the University of Mataram, should be seen from several perspectives.

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Friday, December 13, 2013 8:11:00 AM Categories: Government Management

NNT employees threaten to stage demo in response to export ban 

MetroTVNews - Thousands of PTNNT employees have threatened to stage mass demonstrations following the decision of the work meeting of Commission VII of RI House of Reps. and EMR Ministry on Thurs. (5/12) that enforces the implementation of Law No. 4 of 2009 that bans concentrate export effective 12 January 2014. Not just Newmont employees, local entrepreneurs who have partnered with PTNNT to date will also hold similar rally.

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Friday, December 13, 2013 8:03:00 AM Categories: Government Management

PTNNT Supports Government Goals on In-Country Processing; PTNNT Does Not Export Unprocessed Ore 

Jakarta 10 December 2013 — PT Newmont Nusa Tenggara ("PTNNT") today reiterated for clarification purposes that the Company does not export unprocessed ore from its copper and gold mine on Sumbawa.

"All of the ore from the Batu Hijau mine is processed through crushing, grinding, and flotation systems to produce copper concentrate at our processing facility in Kabupaten Sumbawa Barat," said Martiono Hadianto, PTNNT's President Director. "We do not export any unprocessed ore."

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Tuesday, December 10, 2013 8:20:00 PM Categories: Government Management

PTNNT Ready to Supply Concentrate to Indosmelt, a National Smelting Company 

Jakarta, 5 December 2013Proving its commitment to supporting the Government of Indonesia’s policy on in-country processing and smelting as provided in Mining Law of 2009, PT Newmont Nusa Tenggara (PTNNT) today signed a Conditional Sales Purchase Agreement (CSPA) of Concentrate with PT Indosmelt (PTI) to supply copper concentrate to be refined and smelted in Indonesia. PTI earlier announced its plan to build a new copper smelter.

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Thursday, December 05, 2013 4:40:00 PM Categories: Government

Stakeholders Contribute to PTNNT’s Sustainable Operation PTNNT Communications Dept visits Radar Sumbawa editorial staff  

Radar Sumbawa, Taliwang (5/12) - PTNNT Senior Specialist Media Relations H Ruslan Ahmad visited the editorial staff of Radar Sumbawa daily, Wed (4/12). Ruslan said the company’s operation has run well thanks to employees’ and company’s commitment as well as support from all stakeholders, including the media.

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Thursday, December 05, 2013 12:42:00 PM Categories: CSR

GOI Told to Build Smelter  

Radar Sumbawa, Taliwang - The central government has apparently softened [its position] and will provide relaxation until three years as to PTNNT’s concentrate export ban prior to in-country processing.

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Wednesday, December 04, 2013 3:15:00 PM Categories: Government
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