Newmont Shares Purchased Official Center?

Image via WikipediaThe government received a discount of U.S. $ 25 million.JAKARTA - The Ministry of Finance through the Government Investment Center (PIP), the official finally divested buy 7 percent stake in PT Newmont Nusa Tenggara 2010.
The signing of sale contracts made by the Head PIP Soritaon Siregar, president director of Newmont Martiono Hadianto, Director of the Nusa Tenggara Partnership BV Toru Tokuhisa, and Vice President Deputy General Counsel and Corporate Development Newmont Rodhes Blake.


"We welcome the agreement, understanding, and follow our instructions," said Finance Minister Agustin Martowardojo when giving speech after witnessing the signing of the agreement in his office yesterday.
Agus said the government get the discount. PIP only release funds amounting to U.S. $ 246.8 million or U.S. $ 25 million lower than the initial offering price of Newmont's 7 percent share of U.S. $ 271 million. "That's a good price and according to agreement," said Minister Agustin.
Thus, national shareholder owns 51 percent stake in Newmont.Namely, 20 percent of the shares owned by the founder of Newmont, Jusuf Merukh, through Pukuafu; 24 percent owned by Multi-Regional Competition; and 7 percent share of central government.
The funds will be used, said Agus, would be taken entirely from cash PIP. "Not working with other parties and does not do the loan with other parties," he said. The government will hold another national shareholders.
Observers are also one of the mining commissioner of Newmont, Kurtubi, assess the government's policy is not wise. According to him, local governments should acquire rights to purchase shares of the divestment. "The government should also consider the condition of local government which is one of the poorest areas," he said. Kurtubi also questioned the use of PIP, which he said is not clear status.
Vice Chairman of the Finance Commission House of Representatives of the Golkar faction, Harry Azhar Aziz, Minister of Finance did not respect the judge of the Board. According to him, the government should seek the approval of the Board before deciding to buy Newmont shares divestment. "We will summon the Minister of Finance gave an explanation," he said when contacted yesterday. IRA GUSLINA | AGUNG Sedayusource: korantempo.com
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