Update: Newmont Mining To Resume Indonesia Copper Exports This Week
Christopher F. Davis • Today, 10:21 AM
- Newmont Mining (NEM) has just announced it expects to resume exporting copper concentrate from Indonesia this week.
- When I last opined on Newmont, I highlighted its production, including its copper exports as a strength of the company; this news is very welcomed in support of my thesis.
- I am more bullish on Newmont for Q4 and clearly with the investment the company has made to get production going in Indonesia, the Batu-Hijau Mine is highly valued.