Newmont Nusa Tenggara and Indonesian Government Signed MoU
The Chief Executive at Newmont Nusa Tenggara, Martiono Hadianto, said that on Wednesday evening (03/09) a Memorandum of Understanding (MoU) has been signed between the USA- based mining giant and the Indonesian government after an 8-month dispute over the country’s ban on exports of mineral ore (implemented on 12 January 2014). The mining company can now resume copper concentrate exports next week. Earlier this week it had been announced that both sides would come to an agreement.
To read a detailed account on the background and developments of the dispute between Newmont Nusa Tenggara and the Indonesian government we refer you to this column:
• Mining in Indonesia: Newmont and Government Agree on Renegotiations
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