newmont mining declares force majeure in indonesia

  • Newmont Tarik Kasus Arbitrase Melawan Pemerintah RI

    Newmont mengatakan telah mencapai "solusi konstruktif" atas aturan-aturan pertambangan baru dan diperkirakan akan melanjutkan produksi di tambang tembaganya segera. Newmont Mining Corp telah menarik gugatan arbitrase internasional melawan pemerintah Indonesia, menurut para pejabat dan pejabat perusahaan Selasa (26/8),

  • Govt stands firm on Newmont arbitration National

    Jul 03, 2014· ... a local subsidiary of Newmont Mining Corp ... filed for international arbitration this week over Indonesia ... Newmont declared force majeure at ...

  • INDONESIA Newmont withdraws arbitration case

    INDONESIA Newmont withdraws arbitration case. Newmont Mining Corp last week withdrew an ... US-based Newmont, which declared force majeure at Batu Hijau in ...

  • Newmonts sale of Batu Hijau mine is credit positive

    Newmont was forced to declare force majeure on copper concentrate shipments to customers from Indonesia in 2014. Again in September 2015, the company was unable to export after its permit expired and talks with the government stalled.

  • Newmont Mining Indonesia Jakarta Jakarta Raya

    Newmont Mining Indonesia Jakarta Jakarta Raya Whole ore treatment at PT Newmont Minahasa Raya. ... Newmont Mining : Declares Force Majeure in Indonesia ...

  • Newmont Mining Declares Force Majeure in Indonesia

    JAKARTA, IndonesiaNewmont Mining Corp. declared force majeure over Indonesian export taxes, a surprising move that allows the company to back out of contracts without penalty and could raise tensions with the resource-rich nation.

  • Freeport-McMoRan Understands Better Than Newmont Mining ...

    Freeport has been more accommodating of the government while Newmont has been more principled in rejecting the imposition. When it halted output from its Batu Hijau mine it also declared force majeure on copper sales from the country, meaning it could miss deliveries because of circumstances beyond its control.

  • Newmont Mining shuts down Indonesian copper, gold

    Newmonts subsidiary in Indonesia, PT Newmont Nusa Tenggara, said Thursday it is invoking the force majeure clause in its contract because its storage facilities are full, and the Indonesian governments restrictions on exporting copper concentrate require the company to halt production.

  • Indonesia Faults Newmont Over Smelters WSJ

    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 moving too slowly to comply with new regulations.

  • 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 plans to put most of the mine's employees on leave with reduced pay.

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  • MAC: West Papua / Papua Mines and

    Empowering activists and communities opposed to mining through information on global mining trends, specific projects and mining industry attempts to subvert legitimate protest

  • Newmont's Indonesia Strike Ends Analyst Blog Nasdaq.com

    However, the country's longest-running mining dispute still continues at Freeport-McMoRan Copper & Gold 's ( FCX) Grasberg mine in Indonesia. Miners at Grasberg, the world's second-biggest copper mine, have been on strike since mid-September 2011, leading Freeport to declare a force majeure on concentrate shipments last month.

  • Force-Majeure Peak Jobs News

    Indonesia: Newmont suspends mining at Batu Hijau putting 3,200 staff on forced leave Posted: June 18, 2014 in Mining Tags: Force-Majeure , Indonesia , Job-Cuts , Mining

  • Articles about Copper Mine tribunedigital-chicagotribune

    SANTIAGO, March 31 (Reuters) Codelco, the world's No. 1 copper producer, declared force majeure over the weekend at a strike-addled mine in the northern part of Chile that produced about one-fourth the company's output last year.

  • Mining Engineer's World

    U.S. gold producer Newmont Mining Corp. said Thursday that it would sell its 48.5% economic interest in the operator of the Batu Hijau copper and gold mine in Indonesia to local company PT Amman Mineral Internasional for $1.3 billion.

  • MAC: Indonesia Mines and Communities: Home

    2002-10-15 Mining Cos In Indonesia View Newmont As Test Case 2002-09-30 Indonesia has delayed a decision on whether to allow mining companies back into areas declared prote 2002-09-28 Indonesia's concession areas exceed the country's total area

  • Newmont agrees tentative deal with Indonesia in

    Newmont is likely to resume exports this week by shipping up to 50,000 tonnes of copper concentrate to Japan, Thailand and Spain, Sukhyar said. Before Indonesia's new export rules kicked in, Newmont had forecast total copper concentrate output from its Indonesian mine at 110,000 tonnes to 125,000 tonnes this year.

  • Indonesia Threatens to Crush Newmont Mining -- The Motley Fool

    The government is demanding the miner restart production, which was halted last month when Newmont declared force majeur, or be declared in default on its contract, after which Indonesia will expropriate the mine. Newmont insists, however, that it can't begin operations again because its storage facilities are at full capacity.

  • News and Opportunities lgsonline.com

    Newmont declared force majeure last month at its Batu Hijau copper mine in Indonesia. The firm, together with fellow miner Freeport-McMoRan Copper & Gold Inc, is in dispute with the government over an escalating export tax imposed in January that they say conflict with their mining contracts.

  • newmont mining indonesia kurkumakapszula.eu

    UPDATE 2-Newmont says declares force Newmont Mining Corp saidon Thursday it has notified the Indonesian government that it isinvoking force majeure at its Batu Hijau copper mine and plansto ... Veja Preço

  • indonesian copper mine bagatik.eu

    201465-UPDATE 2-Newmont says declares force majeure at indonesian copper mine by Michael Taylor and Fergus Jensen (Reuters India June 5, 2014. InfoMine Mining Intelligence and Technology The post Copper, iron ore prices up despite plunge in Chinese imports appeared first on MINING. Rio Tinto joins race for stake in worlds .

  • list of indonesian copper mines studiofontana.eu

    Newmont Mining Corp's Indonesian copper export permit was extended for six months on Wednesday. Below is a list of six-month export permits issued by the Energy and ... Below is a list of six-month export permits issued by the Energy and ...

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

    JAKARTA (REUTERS) Freeport-McMoRan Copper & Gold said its Indonesian unit may need to declare force majeure on copper concentrate sales if a dispute with the government over export taxes drags on for a prolonged period. Freeport and fellow US miner Newmont Mining Corp have refused to pay a ...

  • Newmont Declares Force Majeure on Indonesia Mine

    Jun 05, 2014· Newmont Mining Corp. declared force majeure on copper sales from Indonesia, after the nations ban on mineral ore exports forced it to shut down its mine in the country. Newmont Mining Corp. declared force majeure on copper sales from Indonesia, after the nations ban on mineral ore exports forced it to shut down its mine

  • Newmont withdraws mining arbitration case against Indonesia

    Newmont Mining Corp has withdrawn an international arbitration filing against the Indonesian government, government and company officials said on Tuesday, indicating a possible breakthrough in a seven-month dispute that halted exports.

  • Mining Engineering Online

    The Mining Engineering, SME and NSSGA ... Indonesia threatens to end Newmonts mining contract over arbitration: July 16, 2014 ... 2014 Newmont declares force majeure at Indonesian copper mine: June 6, 2014 Newmont denies claims that it cut production in Indonesia : March 27, 2014 Mining companies to consider building of

  • Newmont Declares Force Majeure in Indonesia E & MJ

    Newmont Mining Corp. has invoked force majeure on copper sales from its Batu Hijau copper mine in Indonesia in wake of the geologically rich nations 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.

  • Minews Copper

    Newmont halts all operations in Indonesia, declares force majeure Board of Chile's state-run Codelco replacing CEO Keller Indonesian minister spearheads drive to restart copper

  • REPORT: Indonesia Lifts Export Ban for Two Miners ...

    The ban on exports forced Newmont to declare force majeure on copper sales from Indonesia earlier this year, putting roughly 80 percent of its Batu Hijau mine employees on leave at reduced pay. Disputes and confusion over the new mining rule have halted closely $500 million of monthly mineral ore and concentrate exports.

  • 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 plans to put most of the mine's employees on leave with reduced pay.

  • Newmont Suspends Indonesian Operations As Minerals

    Newmont Mining (NYSE:NEM) has announced the suspension of operations at its Batu Hijau mines in Indonesia. This follows the halt in production and processing of copper concentrate at its Indonesian operations after its copper concentrate storage facilities were filled to capacity.

  • UPDATE 2-Newmont says declares force majeure at

    JAKARTA, June 5 (Reuters) 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 plans to put most of the mines employees on leave with reduced pay.

  • Newmont declares force majeure at Indonesian copper

    Newmont declares force majeure at Indonesian copper mine Jun. 5, 2014 8:37 AM ET By: Carl Surran, SA News Editor Newmont Mining 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.

  • newmont mining in indonesia

    Newmont Mining has filed an international arbitration over export restrictions in Indonesia following the company's force majeure in June.

  • indonesian copper mines eetcafemariana.nl

    Batu Hijau mine Wikipedia. The Batu Hijau mine is an open pit copper-gold mine operated by Newmont Mining Corporation's subsidiary company PT Newmont Nusa Tenggara (PT Newmont) The mine is located 1,530 kilometres (950 mi) east of the Indonesian capital Jakarta on Sumbawa, in southern Taliwang Regency, an island in

  • Kemenperin: Newmont Drops Case vs. Indonesia

    US-based Newmont, which declared force majeure at its Batu Hijau copper mine in June and then filed for arbitration in July, is in dispute with the Indonesian government over an export tax imposed in January that the US-based miner says conflicts with its mining contract.

  • Indonesia approves Freeport, Amman contract conversion

    Feb 11, 2017· Amman Mineral has recently been taken over by local energy firm PT Medco Energi Internasional, owned by politically wired tycoon Arifin Panigoro, from the United States-based miner Newmont Mining Corp., while Freeport Indonesia is a subsidiary of another American giant mining company Freeport-McMoRan Inc.

  • newmont mining in indonesia Ventes broyeur, moulin ...

    Indonesia threatened to bring the hammer down on Newmont Mining (NYSE: NEM ) if it didn :::::Summary. In 2009, the government of Indonesia enacted a law that would ban the exports of unprocessed minerals from the country.

  • Freeport, Newmont Could Be Winning Copper Dispute

    Freeport said last week it may declare force majeure if it cannot resolve the dispute, but it has also told the government that it is serious about building a smelter in Indonesia.

  • Ushing Rates Newmont Phoenix Mine tetovo-bg.eu

    Newmont Declares Force Majeure on Indonesia Mine Jun 05, 2014 · Newmont Mining Corp. declared force majeure on copper sales from Indonesia, after the nation's ban on mineral ore exports forced it to shut down its mine .

  • Workers Strike at Newmont Mining's Batu Jijau Mine

    Striking workers at Freeport Indonesia's giant Grasberg copper and gold mine, are currently involved in the country's longest-running mining dispute. Miners at Grasberg, the world's second biggest copper mine, have been on strike since mid-September, leading Freeport McMoRan Copper & Gold Inc to declare a force majeure on

  • Newmont declares force majeure at Indonesian copper

    Newmont Mining (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 w

  • UPDATE 2-Newmont withdraws mining arbitration case

    Aug 26, 2014· Both Freeport and Newmont, which account for 97 percent of Indonesias copper output, had previously argued they should be exempt from the tax, which kicks in at 25 percent and rises to 60 percent in the second half of 2016, before a total concentrate export ban in 2017.

  • FCX Faces Another Strike Threat Analyst Blog Nasdaq.com

    However, the country's longest-running mining dispute still continues at Freeport's Grasberg mine in Indonesia. Miners at Grasberg, the world's second largest copper mine, have been on strike since mid-September 2011, leading Freeport to declare a force majeure on concentrate shipments last month. This decision frees Freeport from some

  • Newmont Mining Files Arbitration over Export

    Newmont Mining has filed an international arbitration over export restrictions in Indonesia following the company's force majeure in June.

  • INDONESIA Newmont withdraws arbitration case

    US-based Newmont, which declared force majeure at Batu Hijau in June and filed for arbitration in July, has been in dispute with the Indonesian government over an export tax imposed in January that it says conflicts with its mining contract.

  • Mining Engineering July 2014 Article Archives

    Newmont Declares Force Majeure; Company Says Indonesia's Export Tax Left No Other Options July 1, 2014 IN THE WAKE of Indonesia's export tax that was imposed in January, Newmont Mining Corp. announced that it would invoke a force majeure at its Batu Hijau copper mine.Newmont, along with...

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

    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. is engaging with the government of Indonesia to reach ...

  • Indonesia to revoke Newmont license unless ... MINING

    Indonesia increased pressure on Newmont Mining (NYSE:NEM) over a six-month old dispute that has halted copper exports, demanding the US miner to withdraw an international arbitration request filed earlier this month or risk losing its mining license. According to Sukhyar, director general of coal ...