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March 25, 2006

March 19
Indonesia's Newmont Nusa Tenggara exploration camp burned

Newmont Nusa Tenggara said a group of people have burned down the company's exploration camp near the Batu Hijau copper and gold mine on Sumbawa island in the province of West Nusa Tenggara.

March 23
Newmont deferring Indonesia gold mine production

Gold and copper producer Newmont Mining Corp. (NEM.N: Quote, Profile, Research) said on Thursday that technical problems at one of its mines in Indonesia have forced it to revise its operating plan for the project.

As a result of "geotechnical instability" at the east pit wall of its Batu Hijau operation, the company will defer approximately 45 million equity pounds of copper and 60,000 equity ounces of gold production into subsequent years, the Denver-based mining company said.

It gave no further details.

March 24
US-run mine warned by Indonesia

Indonesia has warned of legal action against a huge US-owned mine in Papua province, unless it does more to protect the environment.

The Grasberg gold and copper mine has been the focus of protests by locals, who say it causes ecological damage but has little economic benefit for them.

Four policemen and a soldier were killed in riots at the mine last week.

The report came hours after a landslide at the mine killed three people. Mining can potentially trigger land slips.

Several other people were injured in the accident, in which tonnes of mud crashed through a cafeteria in the mine complex. All the victims were Indonesians, a mine spokesman said.

Sometimes if you just keep reading the stories, they speak for themselves.

Posted by AnneZook at 09:15 AM