Bloomberg News

Newmont ‘Ready for Discussions’ With Indonesia on Contract

February 17, 2012

Feb. 17 (Bloomberg) -- Newmont Mining Corp.’s Indonesian unit is willing to discuss an amendment to its contract of work with the Indonesian government, Rubi Purnomo, a Jakarta-based spokesman at PT Newmont Nusa Tenggara, said in an e-mailed statement today.

Newmont Nusa Tenggara “understands that the amendment to the CoW has been regulated under the CoW itself and can be made based on a mutual agreement between the parties that provides benefits to both parties,” Purnomo said in the e-mail. Newmont “is ready for discussions with the Government of Indonesia on the CoW amendment plan.”

Purnomo provided no details on the ammendment.

To contact the reporter on this story: Yoga Rusmana in Jakarta at yrusmana@bloomberg.net

To contact the editor responsible for this story: Greg Ahlstrand at gahlstrand@bloomberg.net


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