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Newmont paid US$ 5,58 million for royalty

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Total royalty for the first quartal 2008 has been paid to Government of Indonesia by PT Newmont Nusa Tenggara (NNT) is around US$ 5,58 million or equivalent with Rp. 41 billion. 

The public relation manager of Newmont Nusa Tenggara, Kasan Mulyono said that the payment of royalty was realized by the company on April, 30th 2008.

This royalty is a join agreement between NNT and Government of Indonesia and as per goverment regulation No. 310/20.01/DJP/ 2000, February, 02th of 2000.  

In a cummulative, since 1999 til this time NNT has been paid US$ 150,30 million to Government of Indonesia for theirs gold mining business in Indonesia (www.mediaindonesia.com).

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