Newcrest suspends operation

Newcrest suspends operation

MELBOURNE (Dow Jones): Australia's Newcrest Mining Ltd. said Friday that it has temporarily suspended production at the Gosowong gold project in Indonesia because of unrest at villages about 30 kilometers away.

"None of this unrest has involved the minesite in any way. As a precaution, production at the mine has been temporarily suspended to enable the Indonesian workforce to return to their homes," it said in a brief statement to the Australian Stock Exchange.

Newcrest owns 82.5 percent of the project. Indonesia-based PT Aneka Tambang has the remaining 17.5 percent stake.