Newmont prepares mine

Sat, 20 Dec 1997, 00:00 WIB | Source: JP

JAKARTA (JP): PT Newmont Nusa Tenggara announced yesterday its
Batu Hijau copper and gold mine site in Sumbawa, West Nusa
Tenggara, is set to begin operations by the middle of 1999.

The company's director of government relations and community
affairs, Sutan Simanjuntak, said the site would be able to mine
270,000 ounces of copper and 550,000 ounces of gold annually.

Simanjuntak said the project totaled US$1.9 billion in
investments, of which $246 million had been spent on equipment,
construction of supporting facilities at the site and training
programs.

"About 83 percent of the construction will be completed by the
end of 1998," he said. (das)

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