DIVESTMENT
An Uncertain Future
An arbitration tribunal orders Newmont to sell 17 percent of its shares to the Indonesian government. But whether it can buy within the specified period is uncertain.
April 7, 2009
THE good news was announced by Energy & Mineral Resources Minister Purnomo Yusgiantoro at a press conference at his office on Jalan Medan Merdeka Selatan on Wednesday last week. Accompanied by State Prosecutor Joseph Suardi Sabda, Director-General of Minerals, Coal & Geothermal Resources, Bambang Setiawan, and Simon Sembiring, a member of his staff, Purnomo said the Indonesian government had won its case against PT Newmont Nusa Tenggara over the
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