Newmont reports Q1 Indonesian output

The following is an excerpt on Batu Hijau project of US mining giant Newmont Corp.'s first quarter 2010 report released on Tuesday.

Batu Hijau ? West Nusa Tenggara
Equity gold and copper production during the first quarter at Batu Hijau in Indonesia were 88,000 ounces and 76 million pounds, respectively, at costs applicable to sales of $215 per ounce and $0.67 per pound, respectively. Equity gold and copper production were in line with expectations and costs applicable to sales were slightly better than expected due to lower mining costs and a lower allocation of costs to gold.

Copper and gold produced increased 79% and 181% in the first quarter of 2010 from 2009, respectively, due to higher throughput and grade as a result of mining in the bottom of Phase 5. Costs applicable to sales decreased 25% and 47% for copper and gold, respectively, in the first quarter of 2010 from 2009 due to higher production and lower mining costs.

The Company expects 2010 equity gold and copper production at Batu Hijau to decrease to between 365,000 and 400,000 ounces, and to between 270 and 295 million pounds, respectively, due to the 2009 7% share divestiture completed in March 2010. The Company?s current economic interest at Batu Hijau is 48.5%. The Company continues to expect 2010 costs applicable to sales of between $265 and $285 per ounce and $0.75 and $0.85 per pound. (end of edited excerpt)

Operating Statistics-Batu Hijau	Three Months Ended March 31	Three Months Ended March 31
	2010	2009
Tons mined (000 dry short tons):
Ore	8,649	32,096
Waste	6,972	9,072
Total	15,621	41,168
Tons milled (000 dry short tons)	12,784	9,589
Average ore grade:
Gold (oz/ton)	0.016	0.008
Copper	0.65%	0.49%
Average mill recovery rate:
Gold	81.5%	83.5%
Copper	87.2%	88.2%
Gold ounces produced (thousands):
Consolidated	166	59
Gold ounces sold (thousands):
Consolidated	158	66
Copper pounds produced (millions):
Consolidated	145	81
Copper pounds sold (millions):
Consolidated	137	95