With the sale, Newmont is offloading its Batu Hijau mine, Indonesia’s the second-biggest copper and gold operation.
Indonesia Mining News
Nickel's jumped back above $9,000 and the outlook is for steady price increases through 2019 despite possible lifting of Indonesian export ban – report.
The company, which is the US biggest miner by market value, is cutting 25% of its workforce to reduce debt.
The gold and copper miner didn’t specified where the alleged misconduct took place.
Peru's output surges, North American producers slip down the rankings and Chinese mines shut down.
Panigoro, the founder of oil and gas firm PT Medco Energi Internasional Tbk, has agreed to buy a controlling stake in Newmont Mining Corp's local metals operations.
Indonesia could exhaust its economically retrievable coal reserves by 2033, a study by PriceWaterhouseCoopers released on Monday showed.
The measure is part of a wider revision of the 2009 mining law that led to Indonesia's export edicts and other regulations.
The incident happened at Gosowong's Kencana mine — the same area where two men were trapped underground for eight days in December 2010.
The two sides have yet to resolve a government demand that the US firm first pay a $530 million deposit.
Maroef Sjamsuddin's decision comes less than a month after the chairman of the U.S. mining giant stepped down.
The last time the weather event was present, it wrought havoc on the mining industry in Australia, with thermal and coking coal mines in Queensland hit by flooding from cyclones and heavy rain.
The company's co-founder James Moffett will step down as chairman and quit the board.
The U.S. miner became the latest mining company to announced drastic measures aimed at preserving cash amid a deepening commodity prices rout.
Amid corruption scandal and contradicting earlier safeguards, Indonesia says won't make a decision on future of giant copper and gold mine until 2019.
Exports suspended for nearly two months over building of smelter.
The investigation aims to determine whether senior officials tried extorting Freeport’s Indonesian unit in return for letting the company continue to operate in the country.
The country's government is in the midst of reviewing its mining legislation, particularly mandatory divestment rules and contract extensions.
Also approves expansion of Tanami mine in Australia.
The U.S’s largest mining company unveils plans to further slash copper and molybdenum output.
The approval will include “the same rights and the same level of legal and fiscal certainty provided under its contract of work,” the company said without elaborating.
Indonesia is not renewing Newmont's copper concentrate export permit according to officials.
The Tujuh Bukit project reflects both the attractions and difficulties facing foreign companies working in Indonesia's mining sector.
The miner has responded to deteriorating market conditions by slashing spending and cutting jobs, mostly at its North American operations.
The company, which runs the massive Grasberg mine in Papua, has stopped exporting since last month.