| House Agree 1.75% Newmont shares for sale to the Government, But Free Partnered |
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| Friday, 24 June 2011 00:00 | |||||||
Page 1 of 2 House Agree 1.75% Newmont shares for sale to the Government, But Free PartneredJakarta - House of Representatives through the Member of Commission VII of the House of Representatives approved the government's decision to remove the 1.75% stake in PT Newmont Nusa Tenggara to buy local. However, the Parliament asked the central government if the local government mempersetuju allotted share divestment Newmont already purchased the central government. "Instead, the portion of the area provided a large portion with the freedom to partner," said a member of the House of Representatives Commission VII, Satya W. Yudha to detikFinance, Jakarta, Friday (06/24/2011). Politicians from the Golkar faction continues, local governments will be given the freedom to seek partners to buy shares in Newmont divestment if the central government would love the quota shares are purchased for U.S. $ 246.8 million. "Local governments can do without a beauty contest to involve partners that long so as not to arouse suspicion," says Satya. According to him, the essence of divestment should be applied considering the future PTNNT shares have largely become state property. As is known, the local government NTB Pemkab Sumbawa, West Sumbawa Regency enterprises which form the Regional PT Maju Bersama (DMB) to own shares of Newmont. PT DMB later joined to form konsorium Multicapital Multi Region Compete (MDB). Multicapital itself is one unit of the Bakrie Group, through PT Bumi Resources, Mineral. As per the work contract, foreign shareholders are required to divest 51% of Newmont's shares, amounting to 80% foreign to the national party with the most recent schedule should be in March 2010. As many as 20% nationwide through Pukuafu already mastered, so that Newmont had to divest 31% of the rest. Schedule divest 31% stake in Newmont's work under the contract is 3% in March 2006, 7% in March 2007, 7% in March 2008, 7% in March 2009, and 7% in March 2010. Of the remaining 31% share of divestitures, as many as 24% fell into the hands of a consortium of MDB, while 7% have purchased the central government with a value of U.S. $ 246.8 million. The purchase by the government through the Government Investment Center (PIP) that are then triggered the conflict between the finance ministers and Parliament Agus Martowardojo. But after a meeting of finance ministers, ministers of Energy and Mineral Resources, Local Government and Regional Representatives Council (DPD), the central government finally agreed to release 25% from 7% share of Newmont shares his or equal to 1.75% to local governments. The central government gave relief to local governments to repay the 1.75% stake in Newmont for approximately U.S. $ 61 million over 13 years. But the government insisted NTB 'free' stock for reasons not have the funds to buy. (NRS / Qom)
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