| ANTAM and Newcrest Mining Cooperates in the Identification of Opportunities and Development of Gold and Associated Minerals Mining | |
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Jakarta, November 16th, 2015 - PT ANTAM (Persero) Tbk (ANTAM; ASX - ATM; IDX - ANTM) is pleased to announce that the company has agreed to cooperate with Newcrest Mining Limited (Newcrest) in the identification of opportunities and development of gold and associated minerals exploration in several new prospective areas in Indonesia. The areas covered in the agreement are West Java, East Java, South Sumatera, Nusa Tenggara, North Sulawesi, Halmahera and Mollucas Islands.
ANTAM's President Director, Tedy Badrujaman said:
'Given gold commodity is one of our major commodities beside nickel and bauxite, the cooperation aims to secure new and promising gold prospects, resulting in increased gold portfolio and business expansion for ANTAM.'
Under the cooperation, ANTAM and Newcrest agree to share information related to the technical, economical, legal and commercial feasibility of the opportunities within the agreed area for further exploration and potential development and future mining of gold and associated minerals.
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Newcrest Mining Ltd
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PRODUCER |
CODE : NCM.AX |
ISIN : AU000000NCM7 |
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Newcrest is a gold and copper producing company based in Australia. Newcrest produces gold, copper, silver in Australia, in Indonesia and in Papua New Guinea, develops copper, gold and silver in Australia, in Indonesia and in Papua New Guinea, and holds various exploration projects in Australia and in Indonesia. Its main assets in production are MT RAWDON, CRACOW, TELFER GOLD MINE, CADIA HILL, TELFER UNDERGROUND, HIDDEN VALLEY, CADIA EAST OPEN PIT, RIDGEWAY and CADIA in Australia, LIHIR ISLAND, LIHIR, BONIKRO and HAMATA in Papua New Guinea and GOSOWONG MINE (KENCANA) and GOSOWONG in Indonesia, its main assets in development are KIRKALOCKA, MAIN DOME OPEN PIT, CADIA EAST UNDERGROUND and RIDGEWAY DEEPS in Australia, HIDDEN VALLEY & KAVEROI in Papua New Guinea and KENCANA UNDERGROUND in Indonesia and its main exploration properties are ASHBURTON and DALGARANGA in Australia, NAMOSI in Fiji, GOLPU in Papua New Guinea and TEMBANG, PT BUG (BENGKULU UTARA GOLD) and TALIWANG in Indonesia. Newcrest is listed in Australia and in Germany. Its market capitalisation is AU$ 20.0 billions as of today (US$ 14.4 billions, € 13.7 billions). Its stock quote reached its lowest recent point on October 18, 2013 at AU$ 10.01, and its highest recent level on October 13, 2023 at AU$ 26.06. Newcrest has 766 739 968 shares outstanding. |