Kaltim Prima Coal
No End in Sight?
Tuesday, February 22, 2005
The government has rejected the proposal on the share divestment price of Kaltim Prima Coal—all because it felt awkward.
arsip tempo : 178036182627.
THE divestment of Kaltim Prima Coal's (KPC) shares will be delayed for yet another year. The deadline for the offer of 32.4 percent of the coal company shares is March. Until today the government is yet to adopt a clear position although the divestment process should have been done in 2000.
Of the 51 percent shares that should have been divested, only 18.6 percent have been purchased by the East Kutai Regency Government. The root of the prob
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