Foreign Investors Finances 3 Percent Acquisition of NNT’s Shares
Bisnis Indonesia, page T5, 2006-09-07
The regency government of West Sumbawa, West Nusa Tenggara claimed to receive loan offer from American, European and Asian financial corporations to purchase the 3 percent (US$ 109 million) share of PT Newmont Nusa Tenggara (NNT). PT NNT manages a 116,900-hectare Batu Hijau mine in Sumbawa Island, West Nusa Tenggara. At the moment, NNT’s shares are held by Newmont Gold Company (45 percent), Sumitomo Corp. (35 percent) and Jusuf Merukh’s company, PT Pukuafu Indah (20 percent).

Government Asked to Probe Newmont’s Camp
The Jakarta Post, page 14, 2006-03-24
PT Newmont Nusa Tenggara has asked the government to investigate the burning down attack on the company’s Elang exploration camp. The Indonesian unit of U.S. mining company Newmont Mining Corp. stopped exploration activities at Elang after the attack. Some speculate that the attack was due to some part of the community’s resentment towards U.S. mining firms.