Newmont mining gives govt US$31.39m

Newmont mining gives govt US$31.39m

JAKARTA: Copper and gold mining company PT Newmont Nusa
Tenggara (NNT) in Batu Hijau, Sumbawa, West Nusa Tenggara paid a
total US$ 31.39 million in royalties to the Indonesian government
from its first shipment in 1999 to fourth quarter of 2001, a
spokesman said.

Anton Susanto, NNT's public relations official was quoted by
Antara as saying in a statement that the royalties were paid to
the government through the Finance Ministry's accounts at the
Central Bank.

For the fourth quarter in 2001, NNT paid $3.8 million.

Royalty payment was stipulated in the terms of the contract
between NNT and the government.

"NNT is committed to actively participating in developing
Indonesia particularly, West Nusa Tenggara," Anton said. -- JP