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Latest Sumbawa Stories

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....

2011-04-27 12:39:00

KELOWNA, BC, April 27 /PRNewswire-FirstCall/ - Tiex Inc. ("Tiex" or the "Company") (TSX-V: TIX) is pleased to announce through its wholly owned operating subsidiary (Bullion Gold Corp.), the completion of an earn-in option/ joint venture agreement with Newmont Canada Corporation, a subsidiary of  Newmont Mining Corp. ("Newmont") in relation to the Company's Bullion Property. The agreement encompasses 17 claims within the boundary of the Bullion Property. The agreement calls for a...

2011-04-05 20:48:00

DENVER, April 5, 2011 /PRNewswire/ -- Newmont Mining Corporation (NYSE: NEM) announced it will hold its Investor Day presentation on Thursday, April 7, 2011 beginning at 9:30am EDT. A webcast will be available beginning at 9:30am EDT on April 7 and can be found on the "Investor Relations" section of the Company's website. The webcast will be archived for a limited time on the Company's website. Webcast Details URL http://www.newmont.com/our-investors...

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...

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2010-08-30 10:50:00

A volcano in western Indonesia that has been dormant for more than 400 years erupted for the second straight day Monday, blasting hot ash more than a mile into the air and forcing the evacuation of 30,000 people in the region. Many villagers living along the slopes of Mount Sinabung in North Sumatra province wore masks as they packed up and headed to emergency shelters and churches, said Andi Arief, presidential advisor on disaster. Homes and crops around the area were covered in ash 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...

2010-05-12 12:30:00

- John Ray retained to lead gold exploration program. - Property position increased by more than 100%. - Newmont's pre-emptive right eliminated. TSX-V: RES VANCOUVER, May 12 /PRNewswire-FirstCall/ - Rare Element Resources Ltd. (TSX-V: RES) ("Rare Element" or the "Company") announces that the Company has signed an agreement with Newmont North American Exploration Ltd. ("Newmont") that Newmont will not exercise its option to acquire a 65% interest in the gold and base...


Word of the Day
tesla
  • The unit of magnetic flux density in the International System of Units, equal to the magnitude of the magnetic field vector necessary to produce a force of one newton on a charge of one coulomb moving perpendicular to the direction of the magnetic field vector with a velocity of one meter per second. It is equivalent to one weber per square meter.
This word is named for Nikola Tesla, the inventor, engineer, and futurist.