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Last updated on April 19, 2014 at 1:20 EDT

Latest Batu Hijau mine Stories

2011-10-31 07:00:00

DENVER, Oct. 31, 2011 /PRNewswire/ -- Newmont Mining Corporation (NYSE: NEM) announced that Moly-Cop was named Newmont's 2011 Global Supplier of the Year for support of continuous improvement programs, proactive and transparent collaboration and consistently producing high quality products. "Our goal is to build long-term relationships with our suppliers and partners," said Gerry Gluscic, Newmont's Vice President and Chief Information Officer. "Moly-Cop is extremely responsive to...

2011-05-10 05:00:00

DENVER, May 10, 2011 /PRNewswire/ -- Newmont Mining Corporation (NYSE: NEM) ("Newmont" or the "Company") announced that a definitive agreement was signed on Friday, May 6, 2011 between its subsidiary and an agency of the Indonesian Government's Ministry of Finance for the sale and purchase of the final 7% divestiture stake in PT Newmont Nusa Tenggara ("PTNNT"), as required under the terms of PTNNT's Contract of Work with the Indonesian Government. PTNNT operates the Batu Hijau copper and...

2011-05-02 07:00:00

DENVER, May 2, 2011 /PRNewswire/ -- Today, Newmont Mining Corporation (NYSE: NEM) celebrates its 90th anniversary since its official incorporation on May 2, 1921. The Company is headquartered in Greenwood Village, Colorado and has approximately 34,000 employees and contractors working across the globe. Founded by Colonel William Boyce Thompson, Newmont began managing private mining investments while over the decades adapting to meet growing global demand for a variety of natural resources....

2011-02-24 05:02:00

DENVER, Feb. 24, 2011 /PRNewswire/ -- Newmont Mining Corporation (NYSE: NEM) ("Newmont" or "the Company") today announced it increased attributable gold reserves by 1.7 million ounces to 93.5 million ounces in 2010. Highlights include: Attributable gold reserves of 93.5 million ounces, an increase of 2% from 2009; Average grade of gold reserves unchanged from 2009 at 0.029 ounces per ton; Record attributable copper reserves of 9.4 billion pounds, an increase of 3% from 2009; and Reserves...

2010-11-30 16:52:00

DENVER, Nov. 30, 2010 /PRNewswire-FirstCall/ -- Newmont Mining Corporation (NYSE: NEM) ("Newmont" or "the Company") today announced that its subsidiary, Newmont Indonesia Limited ("NIL"), along with Nusa Tenggara Mining Corporation ("NTMC"), a subsidiary of Sumitomo Corporation, will appeal a ruling issued earlier today by the South Jakarta District Court finding that PT Pukuafu Indah ("PTPI") has an entitlement to receive the 31% stake in PT Newmont Nusa Tenggara ("PTNNT") that NIL and...

2010-08-26 06:00:00

JAKARTA, Indonesia, Aug. 26 /PRNewswire-FirstCall/ -- Newmont Mining Corporation (NYSE: NEM) ("Newmont" or "the Company") today released information correcting a number of inaccurate claims by PT Pukuafu Indah ("PTPI"), an Indonesian shareholder in PT Newmont Nusa Tenggara ("PTNNT"). PTNNT owns and operates the Batu Hijau gold and copper mine on the island of Sumbawa. Recently, PTPI issued public statements claiming the right to acquire previously divested shares in PTNNT. Newmont's...

2010-03-17 16:40:00

DENVER, March 17 /PRNewswire-FirstCall/ -- Newmont Mining Corporation (NYSE: NEM) ("Newmont" or the "Company") today announced that its subsidiary, Newmont Indonesia Limited, together with Nusa Tenggara Mining Corporation BV ("NTMC"), an affiliate of Sumitomo Corporation ("Sumitomo"), completed the sale of 7% of PT Newmont Nusa Tenggara ("PTNNT") corresponding to the PTNNT 2009 divestiture obligations. The 7% interest was sold to PT Multi Daerah Bersaing ("PTMDB"), a consortium comprised...

2009-12-22 15:15:00

DENVER, Dec. 22 /PRNewswire-FirstCall/ -- Newmont Mining Corporation (NYSE: NEM) ("Newmont") today announced that its subsidiaries, Newmont Indonesia Limited ("NIL") and NVL USA Limited ("NVL"), entered into a loan transaction with P.T. Pukuafu Indah ("PTPI"), an unrelated Indonesian company and 20% owner of PT Newmont Nusa Tenggara ("PTNNT"). Newmont, through a subsidiary, currently holds a 35.44% interest in PTNNT, which owns the Batu Hijau copper and gold mine on the island of Sumbawa...

2009-12-14 16:02:00

DENVER, Dec. 14 /PRNewswire-FirstCall/ -- Newmont Mining Corporation (NYSE: NEM) ("Newmont" or the "Company") today announced that its subsidiary, Newmont Indonesia Limited ("NIL"), together with Nusa Tenggara Mining Corporation ("NTMC") (an affiliate of Sumitomo Corporation), completed the sale of 7% of PT Newmont Nusa Tenggara ("PTNNT") for the 2008 divestiture to PT Multi Daerah Bersaing ("PTMDB"), a consortium comprised of regional and local governments near the Batu Hijau mine, and PT...

2009-11-23 20:00:00

DENVER, Nov. 23 /PRNewswire-FirstCall/ -- Newmont Mining Corporation (NYSE: NEM) ("Newmont" or the "Company") today announced that its subsidiary, Newmont Indonesia Limited, together with Nusa Tenggara Mining Corporation ("NTMC") (an affiliate of Sumitomo Corporation), have agreed to sign a sale and purchase agreement for an additional 14% of PT Newmont Nusa Tenggara ("PTNNT") (7% for the 2008 divestiture and 7% for the 2009 divestiture) to PT Multi Daerah Bersaing ("PTMDB"), a consortium...