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KPC Divestment

Dead Letter Office

Tuesday, May 7, 2002

The government has thrown open the sale of 51 percent of Kaltim Prima Coal to any able and interested domestic party. However, the long-running share saga is likely to drag on for some time.

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At least five times, Minister for Mines & Energy, Purnomo Yusgiantoro, has sent letters to Kaltim Prima Coal (KPC) about the divestment of 51 percent of its shares. All the letters bear the same message: the divestment should take into consideration the local government's aspirations, as well as those of the people of East Kalimantan.

All the letters have gone unanswered. Despite this, Yusgiantoro is going to write another letter demandi

...

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