| Also Local Government Demands 2.2% Newmont Owned Shares Masbaga |
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| Tuesday, 28 June 2011 00:00 | |||||||
Page 1 of 2 Also Local Government Demands 2.2% Newmont Owned Shares MasbagaJakarta - Chaotic ownership stake in PT Newmont Nusa Tenggara rolling. This time the government make an 2.2% stake owned by PT Newmont Indonesia Masbaga Investama (IMI). Member of Commission II of West Sumbawa Regency Sahril Amin said the 2.2% stake owned by Newmont is not fair, when it should be a right of regional shares. "We support the audit of Newmont's 2.2% stake owned by CPC Masbaga let all open. This makes the opportunities for regional, 2.2% urgent as a determinant. As early as November 2010 Masbaga dispute," said Sharil to detikFinance on Tuesday (28 / 6 / 2011). Sharil also approved if all the shares of Newmont audited by the CPC so that all could clearly open. As is known, the Parliament asked BPK to audit the purchase of 7% stake in Newmont by the central government. Then Finance Minister Agus Martowardojo asked BPK to audit 24% stake in Newmont's local government and Bakrie. While the area is also asked BPK to audit 2.2% stake in Newmont's Masbaga. According Sharil purchase 2.2% stake in Newmont by Masbaga suspicious because the man behind Masbaga Newmont. "I want all audits carried out simultaneously so that the problem Newmont completed," he explained. "Why not just 2.2% given area. So let me share divestment 7% to central government and no longer need to fuss," added Sharil. Earlier the Governor of NTB, HM Zainul Majdi said, NTB government also asked the government to be fair, by not only asked BPK to audit the process of purchasing 24% shares by region. But the audit also purchase 2.2% stake in PTNNT, by PT Indonesia Masbaga Investama (IMI). "Please to not be slander. Searched who is also behind the IMI. Who would fund. If there was a relationship with the owner of the old stock, we ask the government to take action," the Governor said. Documents obtained it through a public disclosure report clearly mentions that Newmont, Newmont Corporation that funded the IMI to buy 2.2% stake in Newmont. "We also received a document if it is not only financing but also the right to vote taken by Newmont. It's raises the question, whether the action is not against Newmont's Contract of Work," the Governor said. 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. (Dnl / Qom)
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