Newmont Official Unplug Lawsuit

Newmont.(doc)
Newmont.(doc)

TRANSINDONESIA.CO – The Indonesian government approves repeal of the Arbitration Claim majority shareholder Newmont Nusa Tenggara Partnership BV.

“I on behalf of the current government also signed a letter to ICISD directly stating we approve the revocation of the arbitration claim,” said Coordinating Minister for Economic Affairs, Chairul Tanjung (CT) after meetings held in the Ministry, Friday (08/29/2014).

He said revocation arbitarse of majority shareholder Newmont Nusa Tenggara Partnership BV because the CEO of Newmont Mining Corporation, Gary J. Goldberg has attracted the lawsuit.

“Answered expressly by the CEO of the Garry sndiri Newmont Newmont withdrew the lawsuit and willing to comply with all applicable laws and regulations in Indonesia,” he said.

He identifies the government approved arbitration Newmont agreed catatatan management rules applied in Indonesia.

“With the record that the management of both CEO of Newmont Newmont International and later in Indonesia agree that they are willing to follow all laws and regulations in Indonesia. Because we do not want any thing like this in the future,” he said.(met)

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