"Newmont's 2011 IPO and Equipment Schedule"

MAKE MONEY BLOG$;BOGOR - PT Newmont Nusa Tenggara (NNT) remains scheduled the execution of initial public stock offerings (initial public offering / IPO) ini.Namun year, new corporate actions that will be done after the divestment process is finished.

"IPO options remain, but the Canadian government's desire for us to complete the divestiture prior dulu.Persiapan still go ahead. The plan, still in ini.Namun, my concentration was divested, "said President Director of PT NNT Martiono Hadianto training journalists on the sidelines of the event in Bogor, West Java, last weekend. PT NNT plans to remove 10% of new shares to be offered to the public.
The plan has been approved by a majority of shareholders in general meeting of shareholders last year. However, Martiono reluctant to disclose the projected target acquisition fund company.Currently, 7% stake divestment process NNT is also still on going and is targeted to be completed April 18.
The central government through the Ministry of Finance has declared its intention to buy the shares despite the objection received from local governments who also want to master the final divestment of shares. Martiono say is in the process of divestment by the rules, which offer them first to the central government. "So for the 2010, as initially we have to offer to the government. Once again, the central government intends to buy.
That's it, "he said. Responding to the protests until the threat to shut down mining operations if the allotment of shares will not be divested of local, Martiono admitted concern. He is optimistic that there will be a solution from the chaos that happened today. "Obviously we were shocked and disappointed with it. However, I think everything will end well, "he said.
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On the same occasion, Martiono revealed that Newmont is currently seeking loans from three banks. They are PT Bank Mandiri Tbk, BNP Paribas, and Sumitomo Mitsui Bank.Dana it will be used to finance various activities this perusahaan.Tahun  known Newmont budgeted funds of $ 8 million (Rp72 billion) only to the exploration of Block Eagle.
On the other hand, the mining company currently operating at Batu Hijau, Sumbawa, has entered into six phases. In this phase of production is expected to come down quite significantly because companies rely on predicted production stockpile.Penurunan occurred from 2011-2013. "Hopefully gold and copper prices remain high this year. Thus, financially (decreased production) is not too influential to the company, "hope Senior External Relations Manager of PT NNT Arif Perdanakusumah. Last year, the NNT to produce 731,000 ounces of gold and 542 million pounds of copper. While this year, gold production is projected to reach only 226800-288600 ounces of gold and 247.4 to 288.6 million pounds of copper.   m Faizal
source: seputar-indonesia.com

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