newmont mining declares force majeure in indonesia
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newmont mining declares force majeure in indonesia

Newmont Mining Declares Force Majeure in Indonesia - WSJ

Jun 06, 2014 · Newmont Mining declared force majeure in Indonesia amid a dispute over export taxes, an unusual move that allows the company to back

Newmont halts all operations in Indonesia, declares force ...

Jun 05, 2014 · Newmont halts all operations in Indonesia, declares force majeure. The Colorado, US-based mining giant had stopped copper concentrate output

UPDATE 2-Newmont says declares force majeure at Indonesian ...

Jun 05, 2014 · Newmont Mining Corp said on Thursday it has notified the Indonesian government that it is invoking force majeure at its Batu Hijau copper mine and

Newmont says declares force majeure at Indonesian copper mine

Jun 05, 2014 · Newmont Mining Corp said on Thursday it has notified the Indonesian government that it is invoking force majeure at its Batu Hijau copper mine and

Newmont Declares Force Majeure in Indonesia | E & MJ

By Joseph Kirschke. Newmont Mining Corp. has invoked force majeure on copper sales from its Batu Hijau copper mine in Indonesia in wake of the geologically rich nation’s hotly contested mineral ore export ban.On ceasing output and concentrate processing, Newmont, also the No. 2 gold producer, has suspended 80% of its 4,000 workers at reduced pay.

Newmont Declares Force Majeure in Indonesia | E & MJ

By Joseph Kirschke. Newmont Mining Corp. has invoked force majeure on copper sales from its Batu Hijau copper mine in Indonesia in wake of the geologically rich nation’s hotly contested mineral ore export ban.On ceasing output and concentrate processing, Newmont, also the No. 2 gold producer, has suspended 80% of its 4,000 workers at reduced pay.

Indonesia Faults Newmont Over Smelters - WSJ

Jun 06, 2014 · Indonesia's mining minister on Friday faulted Newmont Mining Corp's local unit after it declared force majeure over an impasse with the government, saying the copper producer is

Newmont declares force majeure at Indonesian copper mine ...

Jun 05, 2014 · Newmont Mining (NYSE:NEM) says it has declared force majeure at its Batu Hijau copper mine in Indonesia and plans to put most of the mine's employees on leave with reduced pay. NEM says the mine ...

Newmont says declares force majeure at Indonesian copper mine

Jun 05, 2014 · JAKARTA, June 5 (Reuters) - Newmont Mining Corp said on Thursday it has notified the Indonesian government that it is invoking force majeure at

Export Tax Dispute Leads to Force Majeure for Newmont Nusa ...

Jun 06, 2014 · Newmont Nusa Tenggara (NNT), one of Indonesia’s largest copper miners, said on Thursday (05/06) that it sees no other option than to declare a force majeure at its Batu Hijau copper mine in Sumbawa (West Nusa Tenggara) due to the export tax dispute with the Indonesian government. President Director of NNT Martiono Hadianto also informed the Indonesian Ministry of Energy and

Indonesia threatens to end Newmont's mining contract over ...

Jul 15, 2014 · Indonesia could terminate Newmont Mining Corp's copper mine contract if the U.S. firm does not withdraw a legal challenge to its export ... and Newmont last month declared force majeure on

Newmont Mining to Sell Indonesian Mine for $1.3 Billion ...

Jul 01, 2016 · Analysts and miners say the rules make little sense at a time when miners globally are re-evaluating their investments and Indonesia is trying to draw in more foreign capital. After the rule banning the export of unrefined ores took effect, Newmont ceased exports and later declared force majeure on existing contracts. To receive an export ...

Indonesia to revoke Newmont license unless ... - MINING.COM

Jul 17, 2014 · If Newmont’s license is revoked, the country will open up bids for the miner’s Batu Hijau copper operation, which has been halted since early June, when the firm declared force majeure ...

This Battle Is Extremely Important for Freeport-McMoRan ...

Jun 06, 2014 · This Battle Is Extremely Important for Freeport-McMoRan Inc. and Newmont Mining Corp. Newmont Mining declares force majeure in Indonesia, meaning the export tax issue is still difficult to resolve.

Newmont Mining In Indonesia

Newmont Mining (NYSE:NEM) has halted operations at its Batu Hijau copper-gold mine and has declared that it will invoke force majeure after failing to Read more Newmont Mining: Future Depends on Indonesia - Stocks to ...

Petromindo - News & Data Portal on Indonesian Oil, Gas ...

Ministry, legislator concerned about KPC force majeure Free. Navy to examine foreign ships entering Newmont mining area Free. Riau takes over controls of sand quarrying despite government objection ... KPC declares force majeure Free. New mining bill seen as discriminative ...

Newmont Mining halts Batu Hijau mine in Indonesia - World ...

Indonesia Mining Ministry mineral enterprise director Dede Suhendra said the government would try to help Newmont overcome obstacles relating to exports, in response to the force majeure. Meanwhile, Indonesian mine workers’ union chairman Yoesrawan Galang said the union will sue both parties due to the impact the dispute has had upon workers.

Newmont-Indonesia Spat Getting Ugly; Are Gold Miner ...

Jul 07, 2014 · Newmont Mining was the least affected by the adjustments with reserve/resource life declining by only 12% to 22 years from 25 years. Shares of Newmont Mining have fallen 1.6% to

EX-99.1 - SEC

Exhibit 99.1 . Press Release . 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 ...

Newmont Mining to Sell Indonesian Mine for $1.3 Billion ...

Jul 01, 2016 · Analysts and miners say the rules make little sense at a time when miners globally are re-evaluating their investments and Indonesia is trying to draw in more foreign capital. After the rule banning the export of unrefined ores took effect, Newmont ceased exports and later declared force majeure on existing contracts. To receive an export ...

Newmont Withdraws Arbitration Against Indonesia | E & MJ

In a potential breakthrough over a controversial ore export ban, Newmont Mining Corp. has announced it is withdrawing from arbitration proceedings against Indonesia’s government. Newmont declared force majeure in June while seeking arbitration last month after Jakarta mandated all foreign miners process ore domestically beginning Q1 to increase domestic revenues.

Newmont to sell Indonesian mine for $920 million - MarketWatch

Jun 30, 2016 · After the ban on unrefined ores took effect, Newmont ceased exports and declared force majeure on existing contracts. To receive an export permit -- a biannual process --

NEM Indonesia Unscathed By Strike - Analyst Blog | Nasdaq

Nov 17, 2011 · Newmont Mining Corp 's ... output at its Batu Hijau copper and gold mine in Indonesia was unaffected after ... driving Freeport McMoRan Copper & Gold Inc. to declare a force majeure

Newmont withdraws mining arbitration case against Indonesia

Aug 26, 2014 · U.S.-based Newmont, which declared force majeure at its Batu Hijau copper mine in June and then filed for arbitration in July, has been in a dispute with the Indonesian government over an export tax imposed in January that the U.S.-based miner says conflicts with its mining contract.

MJ PANNI & ASSOCIATES - MJ PANNI & ASSOCIATES

Aug 29, 2014 · Newmont declared force majeure at its Indonesian mine in June and then filed for arbitration in July, and has been in a dispute with the government over an export tax imposed in January that the miner says conflicts with its mining contract.

FORCE MAJEURE NEWMONT, Mati Suri Usaha Rakyat -

Jun 17, 2014 · FORCE MAJEURE NEWMONT, Mati Suri Usaha Rakyat. ... Kondisi ini akhirnya membuat bos besar Newmont Mining Cor-poration (NEM), induk usaha New mont Nusa Tenggara, Gary Gold berg menemui Men teri Koor-di nator Bidang Perekonomian Chairul Tanjung, Jumat (13/6). ... Keikutsertaan Indonesia di ajang ini membawa pesan penting bahwa Indonesia memiliki ...

Newmont Mining Q2 Earnings Release Final Updated

invoked the force majeure clause of its Contract of Work (CoW), the investment agreement entered into by PTNNT and the Indonesian government in 1986 and valid through 2030, due to the inability to export preventing continued production. On July 1, 2014, PTNNT and Nusa Tenggara Partnership B.V.

Freeport says Indonesian unit may need to declare force ...

Feb 28, 2014 · Freeport says Indonesian unit may need to declare force majeure. Freeport McMoRan Copper & Gold has said its Indonesian operation may need to declare force majeure on concentrate sales if ongoing issues with the government related to new export taxes continue for an extended period. “ [PT Freeport Indonesia] is engaging with the government of ...

NEM Indonesia Unscathed By Strike

Nov 17, 2011 · Newmont Mining Corp's output at its Batu Hijau copper and gold mine in Indonesia was unaffected after about 400 workers went on strike in a dispute over shifts.

Don't Expect Freeport-McMoRan to Follow Newmont's Lead in ...

Jun 11, 2014 · Newmont Mining's Batu Hijau, Indonesia. Source: Wikimedia Commons. Indonesia has proved to be an immovable force over its export ban on unprocessed ore that was imposed in January, forcing Newmont ...

Mining Engineering Online

Indonesia threatens to end Newmont’s mining contract over arbitration: July 16, 2014 Peru is on pace to double its copper output by 2016 : July 15, 2014 Newmont's fight in Indonesia could lead to international arbitration : July 2, 2014 Newmont declares force majeure at

Newmont Mining In Indonesia

Newmont Mining Corporation is primarily a gold producer, with significant assets or operations in the United States, Australia, Peru, Indonesia, Ghana, Canada, New Zealand and Mexico. newmont mining in indonesia blast-coverband. Newmont Mining: 2012 In Review And The Road Ahead Nasdaq. Newmont Mining ( NEM) didn't enjoy a particularly good year ...

Second Quarter Earnings Call | July 30, 2014

Jul 30, 2014 · force majeure 2015 – 2016 • Adjusted for the sale of Jundee on July 1 • Illustrates receipt of Indonesia export permit in January • Assumes Merian first production in late 2016 Subika underground project, Ghana July 30, 2014 Newmont Mining Corporation Slide

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