Newmont Pays Off Arbitration Fine To Indonesia

Energy and Minerals minister Purnomo Yusgiantoro confirmed the payment. He says the government will negotiate the price of Newmont's stocks during the 180 day period to divest the company's shares. Yusgiantoro adds that he will still consult Newmont to appraise the value of its stocks. The government and Newmont went to international arbitration following a dispute over the terms to divest the company's shares in a West Nusa Tenggara mining operation in 2008. http://www2.metrotvnews.com/indonesiathismorning/berita.asp?id=1242