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Trapped in a Golden Fantasy

Tuesday, September 11, 2007

The Province of West Nusa Tenggara has rejected a financing scheme offered by Newmont, under which a loan to purchase shares in the company would not be repaid until after 109 years.

arsip tempo : 173225461696.

. tempo : 173225461696.

THE Governor of West Nusa Tenggara (NTB), Lalu Serinata, appeared extremely angry. This gentleman, who is usually calm, spoke in a loud voice with his eyebrows raised. He has very explicitly rejected a loan from PT Newmont Nusa Tenggara to fund the purchase of shares in this gold mining company.

According to Serinata, the financing scheme offered by Newmont was not at all beneficial. He has calculated that the loan would not be repaid until afte

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