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Last updated on April 24, 2014 at 21:24 EDT

Latest Sumbawa Stories

2010-04-23 14:09:00

DENVER, April 23 /PRNewswire-FirstCall/ -- Newmont Mining Corporation (NYSE: NEM) ("Newmont" or the "Company") announced today that its wholly-owned subsidiary, Newmont Overseas Exploration Limited ("NOEL"), has sold its joint venture interest in the Amulsar Gold Project to its joint venture partner Lydian International Inc. ("Lydian") (TSX: LYD). On closing of the transaction, NOEL was issued three million ordinary shares of Lydian and received the first installment of future cash...

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...

2009-11-16 17:47:00

DENVER, Nov. 16 /PRNewswire-FirstCall/ -- Newmont Mining Corporation (NYSE: NEM) ("Newmont" or the "Company") today announced that its subsidiary, Newmont Indonesia Limited, together with Nusa Tengarra Mining Corporation ("NTMC") (an affiliate of Sumitomo Corporation), completed the transfer of 10% of PT Newmont Nusa Tenggara ("PTNNT") (3% for the 2006 divestiture and 7% for the 2007 divestiture) to PT Multi Daerah Bersaing ("PTMDB"), a consortium comprised of regional and local...

2009-09-22 11:32:00

DENVER, Sept. 22 /PRNewswire-FirstCall/ -- Newmont Mining Corporation (NYSE: NEM) reports that on September 18 and 19, 2009, its affiliate PT Newmont Nusa Tenggara ("PTNNT") experienced a geotechnical failure in the west wall of the Batu Hijau open-pit mine in Indonesia. PTNNT has temporarily suspended operations in the Batu Hijau pit pending a geotechnical review and development of a plan for stabilizing the wall and recommencing mining operations. PTNNT continues to process lower-grade...

2009-04-01 00:09:00

DENVER, April 1 /PRNewswire-FirstCall/ -- Newmont Mining Corporation (NYSE: NEM) ("Newmont" or "the Company") today announced that the international arbitration panel delivered its decision pertaining to the dispute in regard to the divestiture of PT Newmont Nusa Tenggara's ("PTNNT's") shares. The Company, as a foreign shareholder in PTNNT, together with Nusa Tenggara Mining Corporation, an affiliate of Sumitomo Corporation of Japan, is required under the Contract of Work with the Government...

2008-09-05 15:00:21

By NEEMS, Jeff Just months after abandoning plans to extend the western side of Martha Pit, mining company Newmont is now exploring options to expand its eastern side. Newmont Waihi Gold external affairs manager Kelvyn Eglinton confirmed the company was eyeing a new project on the eastern side of the pit. If the eastern expansion proved economically viable and logistics were manageable, Newmont would look to apply for new resource consents from both Hauraki District Council and...

2008-08-13 18:00:00

TORONTO, ONTARIO--(Marketwire - Aug. 13, 2008) - Lydian International Ltd. (TSX:LYD), a diversified U.K. mineral exploration and development company, today announced preliminary results from metallurgical testing at its Amulsar gold discovery in Armenia. A gold recovery test program was applied to a crushed continuous half drill-core of 146m length at SGS Lakefield in Canada. As part of the program, heap-leach amenability tests (coarse ore bottle roll cyanidation) on whole rock and gravity...