Newmont denies output cuts made at its Indonesian copper mine
JAKARTA, March 26 (Reuters) – Newmont Mining Corp has not cut output at its Indonesian copper and gold mine, a spokesman at the Denver-based company said on Wednesday, denying government claims earlier in the day that its production had been slashed.
Indonesia implemented a ban on mineral ore exports and introduced an escalating export tax for concentrates on Jan. 12 to encourage mineral processing domestically in order to increase the value of exports. However, the new rules have left the mining sector in turmoil.
Read more at: http://www.reuters.com/article/2014/03/26/indonesia-newmont-mining-output-idUSL4N0MN1D220140326
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