Newmont releases Indonesian gold, copper reserves 2002
Wednesday, February 26 2003 - 02:16 AM WIB
1. Equity Gold Proven, Probable, and Combined Reserves (as per Dec 31, 2002)
Deposits/Districts |
Equity Ownership |
Gold Proven + Probable Reserve |
Metallurgical Recovery (%) | |||||
Tonnage (000 tons) |
Grade (oz/ton) |
Au (000 ozs) | ||||||
2002 |
2001 |
2002 |
2001 |
2002 |
2001 | |||
Batu Hijau *) |
56.25% |
570,100 |
562,600 |
0.012 |
0.011 |
6,920 |
6,140 |
81% |
Minahasa **) |
94.0% |
900 |
1,500 |
0.14 |
0.15 |
130 |
220 |
89% |
TOTAL |
571,000 |
564,100 |
? |
7,050 |
6,306 |
? | ||
?*) Percentage reflects Newmont's economic interest in remaining reserves.
?**) Percentage reflects Newmont's economic interest in remaining reserves. Mining was completed in 2001 and remaining reserves are primarily in stockpiles. | ||||||||
2. Equity Base Metal Reserves - U.S. Units (as per Dec 31, 2002)
Deposits/
Districts |
Equity
Ownership |
Copper Proven + Probable Reserve |
Metallurgical Recovery (%) | |||||
Tonnage (000 tons) |
Grade (Cu%) |
Copper (million pounds) | ||||||
2002 |
2001 |
2002 |
2001 |
2002 |
2001 | |||
Batu Hijau |
56.25% |
570,100 |
562,600 |
0.55% |
0.49% |
6,220 |
5,480 |
92% |
?Note: Percentage reflects Newmont's economic interest in remaining reserves. Copper reserves calculated at a $0.75/lb copper price. | ||||||||
3. Equity Gold Mineralized Material not in Reserves - U.S. Units (as per Dec 31, 2002)
Deposits/Districts |
Equity Ownership |
Gold Measured + Indicated Material |
Gold Inferred Material | ||
Tonnage (000 tons) |
Grade (oz/ton) |
Tonnage (000 tons) |
Grade (oz/ton) | ||
Batu Hijau |
56.25% |
360,500 |
0.008 |
267,200 |
0.005 |
Martabe |
100% |
62,600 |
0.051 |
10,900 |
0.049 |
TOTAL |
423,100 |
? |
278,100 |
? | |
?Note: Mineralized material not in reserves calculated at a gold price of $325/oz, unless otherwise noted. | |||||
4. Equity Base Metal Mineralized Material not in Reserves - U.S. Units (as per Dec 31, 2002)
Deposits/Districts |
Equity Ownership |
Copper Measured + Indicated Material |
Copper Inferred Material | ||
Tonnage (000 tons) |
Grade (Cu%) |
Tonnage (000 tons) |
Grade (Cu%) | ||
Batu Hijau |
56.25% |
360,500 |
0.39% |
267,200 |
0.37% |
?Note: Percentage reflects Newmont's economic interest in remaining mineralized material not in reserves, calculated at a $0.95/lb copper price. | |||||
Batu Hijau mine site is located in West Nusa Tenggara, while Minahasa and Martabe are located in North Sulawesi and North Sumatra, respectively. (robert)