Newmont sees new woes in Indonesia

摘要

Less than a year after being acquitted of pollution charges on Sulawesi Island in Indonesia, Newmont Mining (NMC-T, NEM-N) is back in hot water again at another mine in the Southeast Asian nation. In a letter from Indonesia's Mines Ministry on Feb. 11, the Denver, Colo.-based company was warned that its licence to extract copper and gold from the Batu Hijau mine on the remote eastern island of Sumbawa could be cancelled if it doesn't divest a 10 percent stake in the project to a local entity by Feb. 22.