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Gold/Mining/Energy : Gold Price Monitor

GDXJ 97.80

+0.9%

Nov 19 4:00 PM EST

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To: pater tenebrarum who wrote (55478)	6/29/2000 12:32:00 PM
From: long-gone	Read Replies (3) of 116764

This may account for another part of the xau move: Thursday June 29, 9:09 am Eastern Time Newmont evacuation from Indonesia mine after protest By Andrew Marshall JAKARTA, June 29 (Reuters) - Canada's Newmont Mining Corp. (NYSE:NEM - news) said on Thursday it had evacuated women, children and non-essential staff from its gold mine in north Sulawesi after intimidation by protesting locals who have blockaded the site. Newmont said mining and milling operations had been halted at the site. The mine was forced to close temporarily earlier this month because of the blockade, which was reimposed on Monday. ``Some very irresponsible people have been guarding the roadblock and have been physically threatening our personnel,'' Paul Lahti, general manager of the Newmont Minahasa Raya mine, said in a statement. ``They have been drinking alcohol every night and generally have sought to strike fear into the people who live and work on this site.'' The protesters are former landowners who are demanding higher compensation for the land used by the mine. But Newmont, North America's second largest gold producer, said the company had given healthy compensation packages to some 400 landowners from 1989 to 1994, paying five times the market rate.(cont) biz.yahoo.com

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