PT Newmont Minahasa Raya (PT NMR) is an Indonesian joint venture subsidiary of the Newmont Gold Company of Denver, Colorado, USA._x000D_
PT Newmont Minahasa Raya operates a 700 000 tonne per annum gold plant in the Minahasa region of North Sulawesi, Indonesia. At full capacity the plant is expected to produce an average of 150 000 to 180 000 ounces of gold per year until the year 2007 based on current existing reserves._x000D_
Exploration began in 1986 and high grade mineralisation was discovered in 1988. Subsequent drilling defined a resource of approximately 2000 000' ounces. Reserves as of 1 January 1997 were 7 035 000 tonnes grading 8.46 grams per tonne, for 1 913 000 contained ounces._x000D_
Metallurgical testwork commenced in 1991. Construction of the plant started in late-1994 and the first gold was poured in March 1996.