Newmont: To Divest or Not

JUST like a soap opera, the story behind PT Newmont Nusa Tenggara's mandatory divestment seems never-ending. This time the problem is Newmont's shares are still being used as collateral on loans to several foreign banks.

The issue is related to Newmont Nusa Tenggara's loans from the Export-Import Banks of Japan and the United States as well as Kreditanstalt fur Wiederaufbau worth US$1 billion in 1997. The loans are valid unt