Newmont to use dual approach to restart Indonesia mine exports-CEO

(Reuters) – Newmont Mining Corp will stick to a “parallel path” of arbitration and negotiation with the government of Indonesia in an attempt to resolve an impasse over copper concentrate exports, the company’s chief executive said on Wednesday.

The U.S.-based miner, which operates the Batu Hijau mine in Indonesia, said its revised production outlook assumes receiving an export permit by January 2015, a full year after exports were halted.

Read more at: http://in.reuters.com/article/2014/07/30/newmont-mining-indonesia-idINL2N0Q51GM20140730

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