Noke Kiroyan, CEO of Kaltim Prima Coal: "This is the result of negotiations"

WHAT BP and Rio Tinto did with regards to their Kaltim Prima Coal (KPC) shares is being seen as a stab in the back. After all, when the government is engrossed in negotiating the divestment of those shares, they suddenly turn around and sell their shares to Bumi Resources. Not only that, the final sale price of US$500 million, was far below the divestment price of US$822 million they had offered to the Indonesian Government. Needless to say,

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