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Workers at Newmont's Indonesian Gold Mine End Strike (Update1)
Aug 9, 2010 08:58CST
Source:SMM

Aug. 6 (Bloomberg) -- Workers at the Indonesian unit of Newmont Mining Corp., the largest U.S. gold producer, ended a five-day strike as they agreed to continue talks on overtime pay.

Operations at the Batu Hijau gold and copper mine on Indonesia's Sumbawa island have returned to normal, Darren Hall, general manager of operations at PT Newmont Nusa Tenggara, said in an e-mailed statement today.

The strike, started midnight Aug. 2, came after Newmont Nusa Tenggara said it would take legal action against a ruling by the manpower office of West Nusa Tenggara province ordering it to pay 126 billion rupiah ($14 million) of overtime, the Investor Daily said. The workers had planned to stop work until Aug. 10.

"We are appreciative that the discussions between management and the unions were conducted in good faith to end the dispute and provide a path forward to resolve the outstanding overtime issue," Hall said. "Both parties remain committed to following the legal process to obtain a final and binding legal decision."

About 500 workers downed tools on the second day of the strike, Kasan Mulyono, a spokesman at Newmont Nusa Tenggara said Aug. 3. The company is responsible for the direct employment of more than 7,000 people, according to its website.

Newmont Mining, based in Greenwood Village, Colorado, expects its share of gold and copper production at Batu Hijau to reach 365,000 to 400,000 ounces and 265 million to 290 million pounds respectively this year, the company said in its earnings statement last month.
 

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