https://www.engineeringnews.co.za

Newcrest joins Antam in Indonesian hunt

7th November 2016

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

  

Font size: - +

PERTH (miningweekly.com) – Australian gold miner Newcrest Mining has formed a strategic alliance with fellow-listed PT Antam to conduct copper and gold exploration over several prospective areas in Indonesia.

The areas covered in the strategic alliance include West and East Java, South Sumatara, Nusa Tenggara, North Sulawesi, Halmahera and Moluccan Islands.

Under the strategic alliance, the two companies will cooperate to identify and examine opportunities in these areas, and will share and exchange mining information and other information in relation to the exploration activities.

“Newcrest has a proud exploration and operating history in Indonesia. We also have a long and successful working relationship with Antam in Indonesia through PT Nusa Halmahera Minerals, which manages the Gosowong gold mine,” said Newcrest chief development officer Michael Nossal.

“We are hopeful that this new agreement with Antam will result in opportunities that will allow Newcrest and Antam to grow their business in the country.”

Antam president director Tedy Badrujaman said on Monday that the cooperation with Newcrest reflected Antam’s decision to expand its asset base and add value to Indonesia’s vast mineral reserves and resources.

The execution of the strategic alliance followed the signing of a binding heads of agreement in November last year.

Edited by Creamer Media Reporter

Comments

Latest Multimedia

Magazine video image
Magazine round up | 29 March 2024
Updated 20 minutes ago

Showroom

Rentech
Rentech

Rentech provides renewable energy products and services to the local and selected African markets. Supplying inverters, lithium and lead-acid...

VISIT SHOWROOM 
Hanna Instruments Image
Hanna Instruments (Pty) Ltd

We supply customers with practical affordable solutions for their testing needs. Our products include benchtop, portable, in-line process control...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.163 0.237s - 156pq - 2rq
Subscribe Now