NOKE Kiroyan, a director at Kaltim Prima Coal (KPC), has already achieved what he intended. "In our hands, KPC is already operating efficiently and this will continue," he told TEMPO some time ago. At the end of July this year, this company that mines coal in Sangatta, East Kalimantan, agreed to divest 50 percent of its shares, but even after the divestment, KPC will remain the largest shareholder.

How is this possible? It seems that the 51