- Newmont Mining (NEM) expects normal mining operations to continue at its Batu Hijua copper-gold mine in Indonesia for at least the next two months, while it tries to resolve an impasse with the government over copper concentrate exports, CEO Gary Goldberg says.
- NEM also has no plans to issue equity to pay down debt, has nothing pending on the M&A front, and has more non-core assets to sell, according to Goldberg.
- Batu Hijua is expected to be NEM's top cash flow generator in 2015-16 as the miner accesses the high grade core of the deposit.
- Indonesia fears prompted J.P. Morgan to downgrade shares to Neutral with a $26 price target, down from $28.
- NEM +2.2% premarket.
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