Newmont Nusa Tenggara's production unaffected as strike escalates , Bumi Resources (BUMI, Rp1,720)

Newmont Mining Corp., the U.S. largest gold producer, said production at its Batu  Hijau-based  gold and copper mines of Newmont Nusa Tenggara in Indonesia remained unaffected even as more workers joined a strike. About 500  employees  stopped work on the second day of the strike, Kasan Mulyono, a spokesman at Newmont Nusa Tenggara, said. As many as 300 workers had downed tools at midnight two days ago. The workers are planning to strike until Aug. 10, he said. “Newmont and the workers have yet to resume talks and we’re trying to seek alternative  solutions  to  settle  the overtime issue,” Mulyono said, without elaborating. An update on  the strike will be released later, he added. Newmont Nusa Tenggara is partly owned by a  venture  belonging to Bumi Resources and three local administrations in West Nusa Tenggara. – Bloomberg