The Requirement If Newmont Wants To Revoke The Arbitration Lawsuit

PT Newmont Nusa Tenggara (NNT) opens the opportunity to revoke the lawsuit to a Court of international arbitration. Head of the Department of communication of PT Newmont Nusa Tenggara, Rubi Waprasa Purnomo said a lawsuit could be revoked if the Government reopen the export of mineral mining operations so that Newmont recovered.

We can export if the export duty is not high. Currently, despite being negotiated, it is still high,” said Rubi.

Newmont difficulties due to high export duties. According to Ruby, it also complained of other companies, such as PT Lumbung Mineral and PT Sebuku Iron Lateritic Ores (SILO). “Despite getting an export license, they can not export because of high export duties,” said Rubi.

Export Newmont disturbed since the government imposed a ban on the export of raw minerals in January. As a result, warehouse stockpiling concentrate which has a capacity of 80 thousand tons were already full, so it can not accommodate their products. It was the reason for the termination of the production process and create thousands of workers laid off since June 6, 2014.

Newmont’s lawsuit made ​​the government angry. The Director General of Mineral and Coal of Ministry of Energy and Mineral Resources, R. Sukhyar said the lawsuit filed when government and Newmont is currently being negotiated. “Renegotiation process is almost completed, but suddenly the government is reported to arbitration,” said Sukhyar in the Ministry of Energy, Thursday, July 17, 2014.

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Newmont and the government had reached an agreement in some clauses, but there is a clause that the discussion is still tough. “Clause that tough discussion is the amount of royalties to be paid Newmont to the government,” he said.

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