Newmont pays Rp 1.36 trillion in Q1

Govt buys Newmont stake for US$246.8m

The government signed an agreement with miner PT Newmont Nusa Tenggara (NNT) valuing the firm’s 7 percent final divestment shares at US$246.8 million, nearly 10 percent off the offer price of $271.6 million. more..

Newmont pays Rp 1.36 trillion in Q1

PT Newmont Nusa Tenggara (NNT) announced Friday that it paid Rp 1.36 trillion (US$158.46 million) to the Indonesian government in the first quarter of 2011 to fulfill its financial obligations for tax, non-tax and royalty payments. more..

Coal production may reach 95m tons in second quarter

Indonesian miners are projected to produce around 95 million tons of coal in the second quarter of this year after lower-than-expected production in the first quarter, an association said Friday. more..

Inco booked 47% increase in net profit in Q1

Indonesia’s largest nickel producer PT International Nickel Indonesia (Inco) booked a 47 percent increase in net profit to US$111.9 million in the first quarter of 2011 despite lower production. more..

Indonesia's Coal Output for 2011 Up 14%

Indonesia’s coal output is seen climbing this quarter on drier weather before tapering off in the second half, putting full-year production up 14 percent to feed growing Asian demand and cap regional prices. more..

Berau Inks Deals With Chinese Firms As Coal Weathers Commodities Storm

Berau Coal, one of the country’s largest coal miners, has signed sales contracts with two Chinese companies as it tries to meet growing demand from China, a company official said on Friday. more..

Indonesia, NNT Finalize Price of 7% Stake

Having already tallied one victory by securing an agreement to buy the last 7 percent of divested shares in Newmont Nusa Tenggara, the central government made the deal even sweeter on Friday. more..

Antam Ikhlas Saham Divestasi Newmont Diambil Pemerintah

BINTAN--MICOM: Setelah pemerintah pusat melalui Pusat Investasi Pemerintah (PIP) resmi mendapatkan sisa 7% saham divestasi PT Newmont Nusa Tenggara (NNT), PT Antam Tbk menyatakan ikhlas tidak mendapatkan saham tersebut. Selengkapnya..

Newmont Diminta Bangun Fasilitas Tambang Blok Elang

MATARAM--MICOM: Perusahaan tambang emas dan tembaga PT Newmont Nusa Tenggara diminta membangun fasilitas tambang di blok Elang-Dodo, Ropang, Sumbawa, sehingga proses produksi tidak dilakukan di Batu Hijau yang berlokasi di Sumbawa Barat. Selengkapnya..

PAN Cium Pemerintah Ditekan Amerika soal Pembelian Saham Newmont

JAKARTA--MICOM: Sekretaris Fraksi Partai Amanat Nasional (PAN) DPR Teguh Juwarno menilai, lobi dan tekanan negara asing membuat pemerintah akhirnya membeli sisa saham divestasi Newmont Nusa Tenggara (NTT) sebanyak 7 persen. Selengkapnya..