NEWMONT DIVESTMENT
Masbaga’s Puzzle

Indonesia Masbaga Investama reportedly acquired a 2.2 percent stake in Newmont Nusa Tenggara. The deal is said to be in violation of the mining contract.

July 13, 2011

MARTIONO Hadianto, Chief Executive Officer of Newmont Nusa Tenggara, and Blake Rhodes, Vice President of Newmont Ventures Limited, were busy in the past few days. Their schedule last week included a series of meeting with officials of the Directorate General of Minerals and Coals. Government Investment Center (PIP), and Investment Coordinating Board.

Hadianto, a former CEO of Pertamina, is busy explaining a change in ownership of Newmont Nusa T

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