Tender Procurements and Contract Opportunities Indonesia

JAKARTA: The government will evaluate the price of 7% stake in PT Newmont Nusa Tenggara (NNT) in the divestment program in 2010 with the involvement of various relevant sectors, following the signing of the decree by the Minister of Energy and Mineral Resources teambuilding Darwin Zahedy Saleh.

Director General of Mineral, Coal and Geothermal Bambang Setiawan, the Ministry of Energy revealed the process of formal negotiations to assess the price of coal mine owners of shares that will involve the Ministry of Finance, Investment Coordinating Board, Ministry of SOEs, and other concerned parties.

"Now the government team [for the negotiation of shares NNT] already can walk. Decree [decree] the formation of teams already signed Pa Minister [Darwin Zahedy Saleh] yesterday [June 7]. As soon as possible negotiations will be conducted," he said, today.

According to him, team building negotiators that will involve cross-sectoral review the price will be 7% in 2010 divestment of shares offered by NNT valued at U.S. $ 444.08 million, before the government decides whether to buy or not.

Business Development Director of the Directorate General of Mineral, Coal, Coal and Geothermal Bambang Gatot Ariyono Ministry of Energy revealed the formation of the negotiator team were not much different than before to reach an agreement 14% share price NNT, divestment period 2008-2009.

"All this discussion about the price of the proposed new limited explanation and negotiator team building. Of discussion and also still is internal," said Bambang.

As is known, the NNT has proposed offering 7% interest, the divestment program in 2010 since March 31, 2010. However, energy and mineral resources ministry has yet to set a stock price evaluation team valued at U.S. $ 444.08 million.

Earlier, President Director Martiono Hadianto NNT expresses the mining companies still expect the price evaluation process by 7% of the shares, divestment program in 2010 could begin immediately, despite the completion of the divestment obligation must be completed at the latest December 31, 2010.

"We remain hopeful that the price evaluation process can begin immediately. To get a deal at that price, do we [NNT and the government] must be met. We certainly have to open the door of this negotiation," he said. (MSW) By: Nurbaiti (Bisnis.com)

www.tenderoffer.biz

< Prev		Next >