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The Colorado,US-based miner is currently discussing with the government to complete the process of securing an initial export permit. The company has obtained registered exporter status from the Ministry of Trade in April, necessary milestone prior to receiving the permit. Newmont is the world's third largest gold producer, supplying roughly 30% of its Indonesian copper concentrate output to the country's only copper smelter, PT Smelting at Gresik.Strike action at the port has the potential to cost the major iron ore miners such as BHP, Rio Tinto and Fortescue Metals and other junior miners, millions of dollars each day in lost revenue, as well as reducing royalties to the state government. So far, 100 per cent of workers have voted to strike for 24 hours, 98 per cent voted to strike for 48 hours, and 98 per cent voted to strike for one week, however the union said they have not yet reached a decision on which option would be chosen. Industrial Relations laws state the workers have 30 days in which to take the protected action and the MUA must give Teekay 3 clear days of notice before any action. In terms of development, Radar’s managing director Jonathan Lea told Mining Journal that 2016 was perhaps a realistic timeframe in which to expect all approvals required.Meanwhile, proof of the project’s promise and the sensible-looking way Radar intends developing it can be seen in the backing Radar has received for the deal. The major shareholders behind ASX-listed mining services business Resource Development Group Ltd (RDG) took 17.2 million shares in Radar in a A$860,000 placement at a share pricing well above Radar’s recent trading range, with RDG the owner of project delivery company Engenium, which has carried out engineering studies on the project.