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NEWMONT DIVESTMENT
Masbaga’s Puzzle

Wednesday, July 13, 2011

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.

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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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