Summary. Newmont Mining (NYSE: NEM) agrees to sell its stake in the Batu Hijau copper and gold mine in Indonesia for $1.3B. The sale of 48.5% economic interest is for Newmont's stakes in PTNNT ...
Netherlands – Indonesia Bilateral Investment Treaty rolls back implementation of new Indonesian mining law Briefing November 2014 The case of Newmont Mining vs Indonesia is a powerful example of how investment agreements, particularly Bilateral Investment Treaties (BITs), are used by companies to get exemptions from govern-
Newmont Corporation (NYSE: NEM, TSX: NGT) reported gold Mineral Reserves (reserves) of 92.8 million attributable ounces for 2021 compared to the Company's 94.2 million ounces at the end of 2020. Newmont has significant upside to other metals, including more than 15 billion pounds of copper reserves and nearly 600 million …
Newmont Mining even filed an international arbitration against the Government of Indonesia regarding this case in July of 2014, but withdrew it at the end of August 2014. I suspect that the ...
Reportedly, Newmont Nusa Tenggara (NNT) will not seek international arbitration at the Centre for Settlement of Investment Disputes (ICSID) in Washington (USA). Previously, the miner threatened to file for arbitration in an attempt to force the Indonesian government to cancel the recently introduced ban on exports of …
Newmont Mining Corporation (NYSE: NEM) (Newmont or the Company) successfully completed the sale of its ownership stake in PT Newmont Nusa Tenggara (PTNNT), which operates the Batu Hijau copper and gold mine in Indonesia, to PT Amman Mineral Internasional (PTAMI). The asset's name now changes to PT Amman …
Newmont Nusa Tenggara, a Contracts of Work-holder as well as one of the largest copper miners in Indonesia, announced earlier in June 2014 that the company …
DENVER, February 25, 2008 – Newmont Mining Corporation (NYSE: NEM) today announced that it had requested and received an extension of the Government-imposed deadline to complete agreements in principle to divest 10% of PT Newmont Nusa Tenggara (PTNNT), owner of the Batu Hijau mine in Indonesia. The government extended the …
Newmont Mining Corporation owns 31.5 percent economic interest in BATU Hijau, the second-biggest copper and gold mine in Indonesia, after Freeport …
Batu Hijau copper-gold mine is located on the Indonesian island of Sumbawa in the province of West Nusa Tenggara, 1,530km east of Jakarta. The Contract of Work for the project is held by PT Newmont Nusa Tenggara (PTNNT), a company owned by Newmont Indonesia (US, 35.44%); Nusa Tenggara Mining Corporation (Japan, …
US-based gold miner Newmont Mining has placed its Batu Hijau mine in force majeure and intimated the Indonesian Government about its plans to put mine employees on leave with reduced pay. The decision comes days after Newmont's Indonesian subsidiary the PT Newmont Nusa Tenggara (PTNNT) halted its production of copper concentrate at Batu …
Newmont Mining Corporation (Newmont) is primarily a gold producer with significant assets or operations in the United States, Australia, Peru, Indonesia, Ghana, Canada, New Zealand and Mexico. As of December 31, 2008, Newmont had proven and probable gold reserves of 85 million equity ounces and an aggregate land position of approximately …
The case of Newmont Mining vs Indonesia is a powerful example of how investment agreements, particularly Bilateral Investment Treaties (BITs), are used by companies to get exemptions from government regulations and legislation, undermining democracy and development. It also illustrates the long-term dangers of governments signing investment ...
Newmont Mining Corp (NYSE:NEM) has called off its arbitration filing with the Indonesian government, signifying a resolution to the seven-month dispute is near. Company officials confirmed on Tuesday the US-based miner had reached a "constructive solution" over Indonesia's new mining laws.
Newmont Mining Corporation (NYSE: NYSE:NEM) owns 31.5 percent economic interest in BATU Hijau, the second-biggest copper and gold mine in Indonesia, after Freeport-McMoRan's (NYSE:FCX) Grasberg ...
The country is now threatening to terminate Newmont's mining contract if the company does not comply and withdraw its lawsuit. Newmont earlier this month filed an international arbitration over …
DENVER, Feb. 16 — Newmont Mining Corporation (NYSE: NEM) announced today that its Indonesian subsidiary, PT Newmont Minahasa Raya (PTNMR), and the Government of …
After one month, Newmont withdrew its case against Indonesia but only after it had reached an agreement with the Indonesian government, giving the mining company special exemptions from the …
About Newmont. Newmont is the world's leading gold company and a producer of copper, silver, zinc and lead. The Company's world-class portfolio of assets, prospects and talent is anchored in favorable mining …
Newmont Mining Corporation successfully completed the sale of its ownership stake in PT Newmont Nusa Tenggara, which operates the Batu Hijau copper and gold mine in Indonesia,...
Newmont Mining Corporation (NYSE: NEM) (Newmont or the Company) successfully completed the sale of its ownership stake in PT Newmont Nusa Tenggara (PTNNT), …
NSH owns 75% of PT Nusa Halmahera Minerals (PT NHM), which operates the Gosowong mine in Indonesia. The move comes after Joko Widodo's government issued a mandate in 2018 stating that major ...
Newmont Mining (NYSE:NEM) said Thursday is selling its 48.5% stake in PT Newmont Nusa Tenggara, the operator of its Batu Hijau copper and gold mine in Indonesia, for $1.3 billion to PT...
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Newmont Mining Corporation (NYSE: NEM) (Newmont or the Company) has entered into a binding share sale and purchase agreement with PT Amman Mineral …
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Newmont Mining Corporation (NYSE: NEM) (Newmont or the Company) successfully completed the sale of its ownership stake in PT Newmont Nusa Tenggara (PTNNT), which operates the Batu Hijau copper and ...
09/09/2024 AMMAN Develops Young Surfing Talent in West Sumbawa West Sumbawa, 9 September 2024 -- The sound of joyful children filled the air at Jelenga Beach in West Sumbawa, Indonesia (KSB), as dozens of …
The Indonesian investor group plans to bid for about 80 percent of the local operating company PT Newmont Nusa Tenggara which owns the Batu Hijau mine in Indonesia, which is controlled by several...
JAKARTA– Newmont Mining Corp (NMC), perusahaan tambang emas dan tembaga yang berbasis di Colorado, Amerika Serikat, kini memasuki babak baru.Setelah melepas kepemilikan saham …
UNCTAD's Work Programme on International Investment Agreements (IIAs) actively assists policymakers, government officials and other IIA stakeholders to reform IIAs with a view to making them more conducive to sustainable development and inclusive growth. International investment rulemaking is taking place at the bilateral, regional, interregional …
