Newmont Mining Faces Indonesian Trial Over Dumping

Date: July 28, 2005

Source: News Room

Newmont Mining Corp. has denied that its Indonesian subsidiary committed any wrongdoing, although the company and its American president are facing trial over alleged dumping of toxic waste in a bay in eastern Indonesia. Wall Street analysts have said that if Newmont, the world's largest gold miner, loses the trial, it could affect investment in Indonesia, the world's fourth-most-populous country. Newmont officials say there has been no crime committed, and that its disposal processes were approved by the government.
More information:

Sign up to receive our free Weekly News Bulletin