Newmont Production Forecast May Cause Labor Issues in Indonesia

Forbes reported that Newmont Mining’s 2012 revised production targets for its Indonesian mine, cutting the previously reported output to 170.6 million pounds from 192 million pounds. The company may face difficulty with workers in November, due to the lower-than-expected production.

As quoted in the market news:

With the production figures expected to be low for some time, Newmont is looking to cut costs across the board in all ways possible. This includes mining, processing, and support costs as well as a review of contract services, parts and supplies, and salaries and wages.

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