Newcrest suspends operation

Sat, 21 Aug 1999, 00:00 WIB | Source: DJ

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.

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