Newmont withdraws mining arbitration case against Indonesia

Aug 26 (Reuters) – Newmont Mining Corp has withdrawn its international arbitration filing against the Indonesian government, the industry minister said on Tuesday, in a possible sign of a breakthrough over its seven month dispute that halted exports.

Newmont’s Indonesian CEO Martiono, CEO Newmont said it had reached a “constructive solution” over new mining rules, and expects to resume production at its copper mine soon.

Read more at: http://www.reuters.com/article/2014/08/26/indonesia-newmont-arbitration-idUSL3N0QW26I20140826

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