Elang Exploration Project - Fact Sheet - Newmont Mining Corporation
Elang Exploration Project - Fact Sheet - Newmont Mining Corporation
Elang Exploration Project - Fact Sheet - Newmont Mining Corporation
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<strong>Elang</strong> Published: February 2013<br />
<strong>Project</strong><br />
Location Sumbawa island, Indonesia<br />
Ownership <strong>Newmont</strong>: 31.5%<br />
Sumitomo: 24.5%<br />
PT MDB: 24%<br />
PT Pukuafu Indah: 17.8 %<br />
PT IMI: 2.2%<br />
Employment 240<br />
Product Copper and Gold<br />
West Nusa Tenggara province showing <strong>Newmont</strong>’s Batu Hijau mine and<br />
four additional exploration prospects on Sumbawa island.<br />
Topsoil is replaced and trees and flora are planted to ensure reclamation<br />
is carried out at each site where drilling is complete.<br />
www.newmont.com<br />
Overview<br />
The <strong>Elang</strong> exploration project is located on the island of west<br />
Sumbawa in Indonesia, approximately 60km from <strong>Newmont</strong>’s<br />
Batu Hijau copper and gold mine. <strong>Exploration</strong> teams continue<br />
to discover a copper and gold deposit, potentially expanding<br />
production in Indonesia.<br />
<strong>Exploration</strong> at <strong>Elang</strong> has been ongoing and recommenced in<br />
September 2011 with the acceptance and support of local<br />
communities; and following the issuance of an exploration permit<br />
from the Indonesian government in 2010. <strong>Exploration</strong> drilling is<br />
expected to continue through 2016 to allow evaluation of the<br />
deposit’s viability for potential future development.<br />
Community investment and engagement activities focused on<br />
social and economic development continue across 36 villages<br />
around the exploration area.<br />
Community & Environmental Highlights<br />
Community relations representatives at <strong>Elang</strong> interact and<br />
live within the surrounding communities. The focus on<br />
community investment remains strong and continues in the<br />
form of infrastructure development through road construction,<br />
community halls, mosques, clinics and vocational training<br />
centers.<br />
The local Lenangguar Health Center was recently expanded in<br />
2012 to include two additional inpatient rooms. Road maintenance<br />
and development also continue in 2012 with plans to repair and<br />
seal approximately 13.5 km of road to provide better access from<br />
Sumbawa Besar to the Lantung and Ropang regions.<br />
<strong>Newmont</strong> continues to work with local residents to help them<br />
establish and run small businesses. The company also works to<br />
develop and maintain local business partners that supply goods<br />
and services for both the exploration project and other community<br />
investments.
<strong>Elang</strong><br />
The <strong>Elang</strong> camp is home to 200 exploration workers.<br />
Drilling activities are underway at <strong>Elang</strong>.<br />
<strong>Newmont</strong> Contact Information<br />
Media Contacts:<br />
Omar Jabara, 303-837-5114<br />
Diane Reberger, 303-967-9455<br />
Rubi Purnomo, +62 372 63 46468<br />
Investor Contact:<br />
John Seaberg, 303-837-5743<br />
Karli Anderson, 303-837-6049<br />
Cautionary Statement: This document contains “forward-looking statements”, which are intended to be covered by the safe harbor created by U.S. federal securities laws and other applicable laws, including, without<br />
limitation, estimates of future drilling project development and other future results. Forward-looking statements are subject to risks and uncertainties, which could cause actual results to differ materially from future<br />
projected or implied results. Further project development will depend upon community issues, government approvals, permitting and other factors, including whether future operating cash flow and other sources of<br />
funding are sufficient to fund the project. Please see our 2011 Annual Report on Form 10-K, filed on February 24, 2012, with the SEC, as well as our other SEC filings. We do not undertake any obligation to update<br />
any forward-looking statements, except as may be required under applicable securities laws.<br />
www.newmont.com<br />
2012-2013 Focus:<br />
– Complete Lito-Latung road to Ropang<br />
– Complete various community infrastructure projects in<br />
Ropang, Lantung, Lenangguar and Lunyuk sub-districts<br />
– Continue ongoing work with the local government on<br />
water supply system for the Ledang village<br />
– Establish community-based small businesses and<br />
empower local suppliers<br />
– Complete social baseline studies<br />
– Continue training of community-based small businesses<br />
in 2013<br />
– Continue ongoing reclamation program at completed drill<br />
hole locations<br />
– Implement company environmental procedure and<br />
management plan<br />
– Sustain waste segregation and waste handling<br />
management<br />
– Provide socialization and environmental protection training<br />
to exploration employees<br />
– Continue surface water sampling and monitoring<br />
– Continue rain and precipitation data collection<br />
– Continue quarterly reporting for the government regarding<br />
environmental compliance<br />
About <strong>Newmont</strong><br />
Founded in 1921 and publicly traded since 1925, <strong>Newmont</strong><br />
(www.<strong>Newmont</strong>.com) is one of the largest gold companies<br />
in the world. Headquartered in Colorado, the company has<br />
approximately 40,000 employees and contractors, with the<br />
majority working at <strong>Newmont</strong>’s core operations in the United<br />
States, Australia, Peru, Indonesia and Ghana. <strong>Newmont</strong> is<br />
the only gold company listed in the S&P 500 index and in<br />
2007 became the first gold company selected to be part<br />
of the Dow Jones Sustainability World Index. <strong>Newmont</strong>’s<br />
industry leading performance is reflected through high<br />
standards in environmental management, health and safety<br />
for its employees and creating value and opportunity for host<br />
communities and shareholders.