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9 Pages

Newmont de-risks by selling Batu Hijau copper mine


Newmont de-risks by selling Batu Hijau copper mine

Report summary

On June 30 2016, Newmont Mining announced the sale of its full 48.5% economic interest in PT Newmont Nusa Tenggara (PTNNT), owner of the Batu Hijau copper-gold mine in Indonesia, for US$1.3 billion. The buyer is Indonesian company PT Amman Mineral Internasional, which is also acquiring the shares of other PTNNT stakeholders, including Sumitomo's 18.2%, and moving to close to 100% economic control of PTNNT.  In a related transaction, a controlling stake in PT Amman Mineral Internasional was announced by PT Medco Energi Internasional (MedcoEnergi) and Indonesian investment company AP Investment. The deal values the effective full ownership of PTNNT at US$2.7 billion. 

What's included?

This report includes 1 file(s)

  • Newmont de-risks by selling Batu Hijau copper mine PDF - 524.56 KB 9 Pages, 3 Tables, 6 Figures

Description

This Metals Insight report highlights the key issues surrounding this topic, and draws out the implications for those involved.

For industry participants and advisors who want to look at the trends, risks and issues surrounding this topic, this report gives you an expert point of view to help inform your decision making.

Our analysts are based in the markets they analyse and work with high-quality proprietary data to provide consistent and reliable insight.

We provide unique in-depth analysis of the metals supply industry so you can make confident strategic decisions.

  • Executive summary
    • Key facts
  • Deal summary and analysis
  • Participation
  • Location map
    • Detailed map Batu Hijau
  • Asset detail
    • Reserves and resources
      • Proven and probable reserves (31/12/2015)
      • Resources (31/12/2015)
    • Cost curve position
      • 2016 copper C1 cash cost curve
      • Tier-1 copper mine matrix
      • Licences and export ban
      • Strategic rationale

In this report there are 9 tables or charts, including:

  • Executive summary
    • Newmont de-risks by selling Batu Hijau copper mine: Table 1
  • Deal summary and analysis
  • Participation
    • Newmont de-risks by selling Batu Hijau copper mine: Image 1
    • Newmont de-risks by selling Batu Hijau copper mine: Image 2
    • PT Newmont Nusa Tenggara participation - post deal
  • Location map
    • Newmont de-risks by selling Batu Hijau copper mine: Image 4
  • Asset detail
    • Newmont de-risks by selling Batu Hijau copper mine: Table 2
    • Newmont de-risks by selling Batu Hijau copper mine: Table 3
    • Newmont de-risks by selling Batu Hijau copper mine: Image 5
    • Newmont de-risks by selling Batu Hijau copper mine: Image 6
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