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Jakarta Post
The Jakarta Post
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Indonesia wins arbitration verdict against Newmont

  • The Jakarta Post


| Wed, April 1 2009 | 02:57 pm

PREMIUM International arbitration has ruled in favor of Indonesia in a dispute concerning the obligatory sale of an NNT stake, which has pitted the government against PT Newmont Nusa Tenggara (NNT), the local unit of the US mining giant Newmont Corporation. State prosecutor Joseph Suwardi Sabda said Tuesday, as reported by Antara, that the Geneva-based arbitration court had ruled that, "Newmont has ...