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Newmont pays $4.58m in Q1 royalties
Sat, 05/17/2008 11:15 AM | Business
JAKARTA: Copper and gold mining company PT Newmont Nusa Tenggara (NNT) in Batu Hijau, West Nusa Tenggara, paid a total US$4.58 million in royalties to the government for this year's first quarter, a press release said Friday.
The payment, completed April 30, included $2.22 million for copper, $2.22 million for gold and the rest for silver.
The amount was 46.79 percent higher than the $3.12 million paid in the same period last year.
The company, a local subsidiary of giant U.S.-based Newmont Mining Corporation, began paying royalties to the government in 1999, when it first sent concentrate shipments. It has paid a total of $150.31 million in royalties.
The royalty payment was stipulated in the terms of the contract inked by NNT and the government. -- (rff)
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2008 PON XVII Medal Standings
Last updated: Tuesday, July 8, 2008 4:51 PM
| No. | Province | Gold | Silver | Bronze | Total |
|---|---|---|---|---|---|
| 1. | East Java | 18 | 12 | 8 | 38 |
| 2. | East Kalimantan | 13 | 13 | 12 | 38 |
| 3. | West Java | 11 | 13 | 14 | 38 |
| 4. | DKI Jakarta | 11 | 11 | 13 | 35 |
| 5. | North Sumatra | 6 | 3 | 1 | 10 |
| 6. | Central Java | 4 | 10 | 8 | 22 |
| 7. | Lampung | 4 | 4 | 1 | 9 |
| 8. | DI Yogyakarta | 4 | 2 | 2 | 8 |
| 9. | South Sulawesi | 3 | 1 | 0 | 4 |
| 10. | South Sumatra | 2 | 2 | 3 | 7 |