Taking Coals to New York
A dispute over the divestment of Kaltim Prima Coal is taken to arbitration.
February 27, 2007
THE battlefield has shifted. After years of fighting and losing at home, the East Kalimantan provincial government has finally chosen another arena upon which to do battle. This time it is the International Center for Settlement of Investment Disputes (ICSID) or arbitration court. This is the final round in the provinces fight to obtain shares in Kaltim Prima Coal (KPC), a coal mining company now owned by Bumi Resourcesa company owned by the Bakr
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