Newmont could resume exporting next month, Indonesia says

|About: Newmont Mining Corporation ... (NEM)|By:, SA News Editor

Indonesia's government says it hopes Newmont Mining's (NYSE:NEM) local unit can resume exporting in September, following a new round of contract negotiations it says will begin next week.

The country's chief economics minister says the government would use the successful recent negotiation Freeport McMoRan as a rough model for talks with NEM.

Earlier this week, NEM withdrew an international arbitration case filed against the government relating to new export taxes.