Newcrest Mining has signed an agreement to sell 100 per cent of Newcrest Singapore Holdings Pte Ltd (NSH), which owns a 75 per cent interest in PT Nusa Halmahera Minerals (PT NHM) and operates the Gosowong mine in Indonesia, to PT Indotan Halmahera Bangkit for A$90 million.
Victoria, Australia’s Earth resources regulator has released its strategy to drive better rehabilitation of mine, quarry and other resources sites, to build public confidence in the sector and the jobs it supports.
PT Freeport Indonesia’s chief executive told a parliamentary committee in Jakarta that the company has not only exceeded progress targets on its copper concentrate smelter in Gresik, East Java, Indonesia, but he also expects construction of the facility to begin in August.
Alkane Resources announced that Export Finance Australia, the country’s export credit agency, confirmed its interest in financing the company’s Dubbo project in New South Wales.