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Batu Hijau
Featured

Cu
3.18
USD/lb
-0.35
red
http://www.infomine.com/investment/metal-prices/copper/
Data as of Jun 17, 2013 12:00AM UTC
Au
1,368.64
USD/oz
0.01
green
http://www.infomine.com/investment/metal-prices/gold/
Data as of Jun 19, 2013 07:54AM UTC
Ag
21.71
USD/oz
0.02
green
http://www.infomine.com/investment/metal-prices/silver/
Data as of Jun 19, 2013 07:54AM UTC

Location

Location:West Nusa Tenggara, Indonesia
Nearest Landmark:JEREWEH
Distance:1 Km South of JEREWEH
Latitude:8° 58' (South)
Longitude:116° 52' (East)
Type of Working:Open-Pit
Status:Producer

Ownership

Property OwnerTypeClassificationInterestNoteReference Date
NEWMONT MINING CORPPublicMonitor 48.5%At September 30, 2011, Newmont had a 48.5% effective economic interest in PT Newmont Nusa Tenggara (PTNNT). PTNNT operates the Batu Hijau.September 30, 2011
PT PUKUAFU INDAHOtherMisc 20%Ownership through 20% interest in P.T. Newmont Nusa Tenggara (Mar/08).March 31, 2009
SUMITOMO CORPOtherMisc 31.5%The Newmont/Sumitomo partnership owns 80% of P.T. Newmont Nusa Tenggara, the subsidiary that owns Batu Hijau. The remaining 20% interest in PTNNT is a carried interest held by P.T. Pukuafu Indah, an unrelated Indonesian company. Under existing shareholder agreements, the Indonesian shareholder will be entitled to receive 6% of any dividends paid by PTNNT until such time as a loan to the Indonesian shareholder is fully repaid (including accrued interest).March 31, 2009

A reported interest of 0% typically implies the existence of an option agreement.

Summary


The project is located on the Indonesian Island of Sumbawa, approximately 1,590 km east of Jakarta, Indonesia.

COPPER-GOLD porphyry deposit.

Operations

Batu Hijau is a large porphyry copper/gold deposit, which Newmont discovered in 1990. Development and construction activities began in 1997 and start-up occurred in late 1999. Production at Batu Hijau is in
the form of a copper/gold concentrate that is sold to smelters for further treatment and refining. (Dec/08).

At Batu Hijau, ore containing copper and gold is crushed to a coarse size at the mine and then transported from the mine via conveyor to a concentrator, where it is finely ground and then treated by successive stages of flotation, resulting in a concentrate containing approximately 30% copper. The concentrate is dewatered and stored for loading onto ships for transport to smelters. (Dec/08).

At full production the mine is expected to produce 280,000 tonnes (615 million lbs) of copper and 16,000 kg (515,000 ounces) of gold per year for over 20 years. The mine is projected to produce approximately 2.5% of the worlds copper output for the first 5 years. Projected cash costs of US$1.10 - 1.21 per kg (50 - 55 cents per pound) of copper are estimated for the first 5 years with costs decreasing thereafter.


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February 21, 2013
Newmont Mining Corp. announced new reserve and/or resource estimates for CARLIN / CARLIN OPEN PITS, USA.
February 24, 2012
Newmont Mining Corp. announced increased reserves and resources in 2011.
February 24, 2011
Newmont Mining Corp. released its Annual report.
December 14, 2009
Newmont Mining and Sumitomo announced to have completed the sale of 7% of PT Newmont Nusa Tenggara (“PTNNT”) for the 2008 divestiture to PT Multi Daerah Bersaing (“PTMDB”), a consortium comprised of regional and local governments near the Batu Hijau mine, and PT Multicapital, a private company. Upon completion of this sale, Newmont received approximately $139 million in cash, reflecting its 56.25% portion of the $247 million sale price.
November 11, 2009
PT Antam Tbk announces that Antam’s management has decided not to participate in the consortium of the West Nusa Tenggara Regional Government to purchase the divestment shares of PT Newmont Nusa Tenggara (PTNNT), which owns and operates the Batu Hijau gold and copper mine in Nusa Tenggara, Indonesia. Antam failed to reach an agreement with the West Nusa Tenggara Regional Government which leads the consortium.
September 22, 2009
Newmont Mining reported that on September 18 and 19, 2009, its affiliate PT Newmont Nusa Tenggara ("PTNNT") experienced a geotechnical failure in the west wall of the Batu Hijau open-pit mine in Indonesia. PTNNT has temporarily suspended operations in the Batu Hijau pit pending a geotechnical review and development of a plan for stabilizing the wall and recommencing mining operations. PTNNT continues to process lower-grade ore from stockpiles. It is too early to assess the impact on production and revenues and the Company will provide an update once it has a clear understanding of the impacts of the incident and related remediation on production for 2009.
July 23, 2009
Newmont Mining reported gold and copper sales for the quarter ended Jun30/09. Consolidated copper and gold sales at Batu Hijau increased 106% and 189%, respectively, in the second quarter of 2009 from 2008 due to higher throughput, grade and recoveries as a result of the mining sequence. The harder, lower grade stockpiled ore processed in 2008 resulted in significantly lower recoveries. During the second quarter of 2009, copper and gold production increased by 105% and 240%, respectively. Total Costs applicable to sales decreased by $37 in the second quarter of 2009 from 2008 due to lower waste mining, lower diesel prices, lower labor costs and lower maintenance and parts costs. Costs applicable to sales per pound of copper and per ounce of gold decreased 71% and 56%, respectively, as a result of the higher production and lower costs. Costs applicable to sales per pound of copper and per ounce of gold were also impacted by a higher allocation of costs to gold due to the lower realized copper price.
March 31, 2009
Newmont reported on Batu Hijau operations for the quarter ended Mar31/09. Consolidated copper and gold sales at Batu Hijau decreased 10% and 45% in the first quarter of 2009 from 2008, respectively, primarily due to fewer concentrate shipments in 2009 as sales during the first quarter of 2008 included a significant reduction in concentrate inventory. During the first quarter of 2009, copper production increased by 7% mainly due to higher recovery while gold production decreased due to lower grade. The higher recovery in 2009 compared to 2008 resulted from processing less oxidized stockpiled ore. Total Costs applicable to sales decreased by $75 in the first quarter of 2009 from 2008 due to lower sales and lower diesel, tire and labor costs and lower waste removal costs. Costs applicable to sales per pound of copper and per ounce of gold decreased 38% and increased 32%, respectively, as a result of the lower costs and a higher allocation of costs to gold due to the lower realized copper price.
March 31, 2009
The International Arbitration decision regarding the divestiture of Batu Hijau in Indonesia was announced. Last year, a dispute arose in relation to how the divestiture process should proceed and the Government and PTNNT submitted the matter to international arbitration in accordance with the provisions of the Contract of Work. In its decision, the arbitration panel ruled that the Government was not entitled to terminate the Contract of Work. The panel further ruled that PTNNT’s foreign shareholders had not followed the divestiture process required in 2006 and 2007. The panel granted the shareholders 180 days from the date of the decision to work with the Government to transfer the shares in PTNNT (PT Newmont Nusa Tenggara) to the Government or its designee, as specified in the Contract of Work for 2006 and 2007. The panel also confirmed that the Governent has a right of first refusal with respect to the 2008 shares. “We are currently reviewing the decision and look forward to outlining a path forward with the Government to implement the arbitration panel’s decision,” said Richard O’Brien, President and Chief Executive Officer. “We are committed to following the divestiture process as required under the Contract of Work and clarified in the decision.”
January 27, 2009
Newmont Mining Corp. released production results.

Reserves & Resources

Report
Dec 31, 2012
pdf
Category Tonnage Grades
Cu Au Ag
Mt % g/t g/t
Total Reserves & Resources 558.30 0.377 0.267 0.918
Batu Hijau Open Pit 430.70 0.3900.3131.042
Reserves - Prov & Prob 270.20 0.4260.3571.153
Proven 119.10 0.5100.5701.600
Probable 151.10 0.3600.1900.800
Resources - Meas, Ind & Inf 160.50 0.3300.2390.856
Measured Mineralized Material 7.30 0.3700.6201.300
Indicated Mineralized Material 128.20 0.3400.2500.900
Inferred Mineralized Material 25.00 0.2700.0700.500
Batu Hijau Stockpiles 127.60 0.3300.1100.500
Reserves - Prob 127.60 0.3300.1100.500
Probable 127.60 0.3300.1100.500
Report
Dec 31, 2012
pdf
Category Tonnage Grades
Cu Au Ag
Mt % g/t g/t
Total Reserves & Resources 558.30 0.377 0.267 0.918
Reserves - Prov & Prob 397.80 0.3950.2780.943
Total - Proven 119.10 0.5100.5701.600
Batu Hijau Open Pit 119.10 0.5100.5701.600
Total - Probable 278.70 0.3460.1530.663
Batu Hijau Open Pit 151.10 0.3600.1900.800
Batu Hijau Stockpiles 127.60 0.3300.1100.500
Resources - Meas, Ind & Inf 160.50 0.3300.2390.856
Total - Measured Mineralized Material 7.30 0.3700.6201.300
Batu Hijau Open Pit 7.30 0.3700.6201.300
Total - Indicated Mineralized Material 128.20 0.3400.2500.900
Batu Hijau Open Pit 128.20 0.3400.2500.900
Total - Inferred Mineralized Material 25.00 0.2700.0700.500
Batu Hijau Open Pit 25.00 0.2700.0700.500

Production

All production data are sorted first by Commodity and then by Year into reverse chronological order.

CommodityYearQuantityCash CostCurrencyNote
COPPER20128,618,248 kgN/AU.S. DollarsFor the 3 months ended Sep30/12. Attributable Production.
COPPER20129,071,840 kgN/AU.S. DollarsFor the 3 months ended Jun30/12. Attributable Production.
COPPER201126,308,000 kg2.71U.S. DollarsFor the 3 months ended Jun30/11.
COPPER201139,916,000 kgN/AU.S. DollarsFor the 3 months ended Mar31/11.
COPPER201138,555,000 kg1.98U.S. DollarsFor the 3 months ended Sep30/11.
COPPER201123,587,000 kgN/AU.S. DollarsFor the 3 months ended Dec31/11.
COPPER2011128,367,000 kgN/AU.S. DollarsFor the 12 months ended Dec31/11.
COPPER201065,771,000 kgN/AU.S. DollarsFor the 3 months ended Mar31/10.
COPPER201060,328,000 kgN/AU.S. DollarsFor the 3 months ended Jun30/10.
COPPER201064,410,000 kgN/AU.S. DollarsFor the 3 months ended Sep30/10.
COPPER201055,338,000 kgN/AU.S. DollarsFor the 3 months ended Dec31/10.
COPPER2010245,847,000 kgN/AU.S. DollarsFor the 12 months ended Dec31/10.
COPPER2009187,699,000 kg1.37U.S. DollarsFor the 12 months ended Dec31/09. Copper sales and costs of sales reported.
COPPER2008129,274,000 kg2.31U.S. DollarsFor the 12 months ended Dec31/08. Costs applicable to sales recorded.
COPPER2007219,538,528 kg2.43U.S. DollarsFor the 12 months ended Dec31/07.
COPPER2006205,930,768 kg1.57U.S. DollarsFor the 12 months ended Dec31/06.
COPPER2005270,340,832 kg1.17U.S. DollarsTotal produced by year ended Dec31/05.
COPPER2004247,671,000 kgN/AU.S. DollarsFor the 9 months ended Sep30/04.
COPPER2003325,114,150 kg0.90U.S. DollarsFor the 12 months ended Dec31/03.
COPPER2002298,311,000 kg1.21U.S. DollarsFor the 12 months ended Dec31/02.
COPPER2001297,989,000 kgN/AU.S. DollarsFor the 12 months ended Dec31/01.
COPPER2000236,222,000 kgN/AU.S. DollarsFor the 12 months ended Dec 31/00.
COPPER2000236,222,000 kgN/AU.S. DollarsProduction for year end, 1995
COPPER19998,255,000 kgN/AU.S. DollarsProduction from initial start-up activities in late 1999.
COPPER19998,255,000 kgN/AU.S. DollarsFor the 12 months ending Dec 31, 1995. (as gold equivalent).
GOLD2012217,724 gN/AU.S. DollarsFor the 3 months ended Sep30/12. Attributable Production.
GOLD2012248,827 gN/AU.S. DollarsFor the 3 months ended Jun30/12. Attributable Production.
GOLD20111,026,000 g24.24U.S. DollarsFor the 3 months ended Dec31/11.
GOLD20119,891,000 g15.30U.S. DollarsFor the 12 months ended Dec31/11.
GOLD20114,292,000 g15.30U.S. DollarsFor the 3 months ended Sep30/11.
GOLD20112,986,000 g10.35U.S. DollarsFor the 3 months ended Mar31/11.
GOLD20111,583,000 g15.75U.S. DollarsFor the 3 months ended Jun30/11.
GOLD20105,692,000 g7.81U.S. DollarsFor the 3 months ended Dec31/10.
GOLD201022,923,000 g7.62U.S. DollarsFor the 12 months ended Dec31/10.
GOLD20106,812,000 g6.78U.S. DollarsFor the 3 months ended Sep30/10.
GOLD20105,163,000 gN/AU.S. DollarsFor the 3 months ended Mar31/10.
GOLD20105,256,000 g9.45U.S. DollarsFor the 3 months ended Jun30/10.
GOLD200917,106,870 g6.88U.S. DollarsFor the 12 months ended Dec31/09. Gold sales and costs of sales reported.
GOLD20088,367,000 g13.31U.S. DollarsFor the 12 months ended Dec31/08. Costs applicable to sales recorded as cash costs.
GOLD200717,044,663 g7.23U.S. DollarsFor the 12 months ended Dec31/07.
GOLD200613,539,310 g6.33U.S. DollarsFor the 12 months ended Dec31/06.
GOLD200613,539,310 gN/AU.S. DollarsFor 12 months ending Dec 31, 1995.
GOLD200522,761,468 g6.39U.S. DollarsTotal production for year 2005. See Pa345980.pdf. p 24.
GOLD200422,357,000 g11.00U.S. DollarsFor the 12 months ended Dec31/04.
GOLD200318,170,400 gN/AU.S. DollarsFor the 12 months ended Dec31/03. Gold sold during the period.
GOLD20028,084,100 gN/AU.S. DollarsFor the 12 months ended Jun30/03.
GOLD200116,597,000 g4.11U.S. DollarsFor the 12 months ended Dec31/01.
GOLD20009,956,000 g3.76U.S. DollarsFor the 12 months ended Dec31/00.
GOLD1999359,470 gN/AU.S. DollarsFor the 12 months ending Dec,1995.
GOLD1999359,470 gN/AU.S. DollarsProduction from initial start-up activities in late 1999.

Mine Office

West Sumbawa District
P.O. Box 1022
Mataram
West Nusa Tengarra Province,
Indonesia 83126
Phone:+ 62 (372) 635318
Fax:+ 62 (370) 633349
Reference Date: May 1, 2008

Mine Personnel

Personnel TitleReference Date
Brumit, PhilGeneral ManagerMarch 11, 2007
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