Column: In search of the elusive green nickel premium
Just about every Western producer will tell you metal produced to higher environmental and social standards should command a premium.
Indonesia’s mining ministry said Tuesday it will send a team of inspectors to a Newcrest Mining’s (ASX:NCM) Gosowong gold operations where a worker has been trapped by a cave-in since Monday.
The incident happened around 8.30pm on Monday (Indonesian time) at Gosowong’s Kencana mine, which is the same area where two men remained trapped underground for eight days in December 2010.
The incident happened at Gosowong’s Kencana mine, which is the same area where two men were trapped underground for eight days in December 2010.
The rest of the workers were evacuated immediately, but it is unclear at this time whether the incident was caused by seismic activity or a fault in the mine, Newcrest said in a statement.
Lydia Hardiani, a mining safety official at Indonesia’s Mining Ministry, told Reuters that rescuers had not been able to establish radio contact with the trapped miner as of Tuesday mid-afternoon.
She added inspectors would travel to the site from Jakarta later today.
Gosowong produced 141,000 ounces of gold in the December half, accounting for about 12% of Newcrest’s gold output.
