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Newmont de-risks by selling Batu Hijau copper mine

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06 July 2016

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. 

Table of contents

    • Key facts
  • Deal summary and analysis
  • Participation
    • Detailed map Batu Hijau
    • 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

Tables and charts

This report includes 9 images and tables including:

  • 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
  • Newmont de-risks by selling Batu Hijau copper mine: Table 1
  • Newmont de-risks by selling Batu Hijau copper mine: Image 4
  • 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

What's included

This report contains:

  • Document

    Newmont de-risks by selling Batu Hijau copper mine

    PDF 524.56 KB

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