Press Release: Newmont welcomes joint investigative team

Jakarta, July 30, 2004 ? PT Newmont Minahasa Raya (NMR) is pleased to hear of the joint investigative teams set up by the Ministry of Environment to look into the health conditions of residents in the Buyat Bay area in North Sulawesi.

According to Richard Ness, President Director of NMR, ?Our objective in this matter is to ensure that the Buyat Bay community?s interests are being served. NMR is committed to working with and serving the community around our operations in a respectful and responsible manner.?

Richard added, ?We applaud the government?s effort in setting up independent and credible investigation teams to look into this matter further and are looking forward to reviewing their findings. We are pleased that the various local and national government agencies have moved quickly in a well-coordinated effort on this case.?

Richard confirmed, ?Newmont remains committed to its investment in Indonesia and to running its operations in an open and responsible manner.? (end of release)

For further information, please contact:
Kasan Mulyono / Rubi Purnomo
Public Relations Manager
PT Newmont Minahasa Raya
Phone: (021) 5799 4600
Mobile: KM ? 081757 49482 / RP ? 0811 940 399