Newmont Indonesia Needs $3 bln to Develop Elang Copper-Shanghai Metals Market

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Newmont Indonesia Needs $3 bln to Develop Elang Copper

Industry News 03:40:17PM May 26, 2010 Source:SMM

JAKARTA, May 26 (Reuters) - Newmont's (NEM.N) Indonesia unit needs $3 billion to develop the Elang copper reserve, which has estimated sufficient reserves for production until 2060, the firm's president director Maktiono Adianto said on Wednesday.
 

Newmont Indonesia Needs $3 bln to Develop Elang Copper

Industry News 03:40:17PM May 26, 2010 Source:SMM

JAKARTA, May 26 (Reuters) - Newmont's (NEM.N) Indonesia unit needs $3 billion to develop the Elang copper reserve, which has estimated sufficient reserves for production until 2060, the firm's president director Maktiono Adianto said on Wednesday.