Gold Production Increases

Posted on March 6th, 2011 at 9:50 am by Farah Fitriani


TEMPO InteractiveMATARAM:The gold production of Batu Hijau mine belonging to PT Newmont Nusa Tenggara rose by 32 percent last year compared to 2009. The total gold production was 364,000 ounces with a sale price of US$ 243 and US$ 237 per ounce. Meanwhile, copper production was 269 million pounds with a sale price of US$ 0,81 and US$ 0,69 per pound.

According to Kasan Mulyono, the company’s public relations manager, Batu Hijau’s gold production this year is estimated to be 110,000-140,000 ounces priced at US$ 400-440 per ounce. “Production cutbacks were mostly due to the ore supply process,” Kasan said yesterday.

Newmont hopes to process the ore supply this year before obtaining ore from the sixth phase, which it plans to process in 2013.

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