Foreign miners pull up stakes in Indonesia
When Newmont Mining Corp. began exploring for gold in Indonesia in the 1980s, the country’s wealth of untapped resources was seen as the Colorado-based miner’s ticket to the big leagues.
The Batu Hijau copper and gold mine in eastern Indonesia was one of the largest undeveloped deposits in the world, and Newmont’s billion-dollar investment put it on the path to becoming the world’s No. 2 gold miner by output.
More than three decades later, Newmont’s exit from Indonesia illustrates that the country has become a more difficult place for foreign miners to operate.
More News
Gold stocks defy markets
Gold stocks are increasingly standing out in stock markets slammed by Trump’s massive tariffs.
April 04, 2025 | 10:30 am
Rio Tinto amends flight delay policy for Pilbara mine workers, union says
The amendment came after more than 400 workers at the Paraburdoo project signed a majority support petition to initiate bargaining for a collective agreement.
April 04, 2025 | 09:37 am
{{ commodity.name }}
{{ post.title }}
{{ post.excerpt }}
{{ post.date }}
Comments