Newmont Reports Partial Slope Failure at Batu Hijau Mine in Indonesia

Newmont Reports Partial Slope Failure at Batu Hijau Mine in Indonesia - "Newmont Mining Corporation (NYSE: NEM - News) reports that on September 18 and 19, 2009, its affiliate PT Newmont Nusa Tenggara ("PTNNT") experienced a geotechnical failure in the west wall of the Batu Hijau open-pit mine in Indonesia. PTNNT has temporarily suspended operations in the Batu Hijau pit pending a geotechnical review and development of a plan for stabilizing the wall and recommencing mining operations. PTNNT continues to process lower-grade ore from stockpiles. It is too early to assess the impact on production and revenues and the Company will provide an update once it has a clear understanding of the impacts of the incident and related remediation on production for 2009." More
- 09/22/09 | Item |

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