Indonesian Mining Association


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Govt seeks SOE to purchase Newmont stake

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JAKARTA The government is looking for another state firms with a strong equity position to buy a 7 percent stake in PT Newmont Nusa Tenggara (PT NNT), a local unit of US-based mining giant Newmont Mining Corporation.

Previously, state mining company PT Aneka Tambang (Antam) said that the company might not buy the stake.

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Province Needs Help in Newmont Chase

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By Faisal Maliki Baskoro

Jakarta.
The West Nusa Tenggara administration has invited investors to help it acquire the remaining shares to be divested by miner Newmont Nusa Tenggara, priced at $271.6 million.

The invitation came after Governor Muhammad Zainul Majdi submitted a formal letter to the central government requesting that the province receive priority in acquiring the remaining 7 percent of NNT’s shares.

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Government Allows Mining In Protected Forest

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JAKARTA. Protected forests will be opened up to mining operations. The government is preparing a presidential regulation (perpres) to allow the use of protected forests for mining sites. As such, mining operations in protected forest areas will be able to resume once the Perpres is published.

"Underground mining will be allowed in protected forest, that’s the gist,” Zulkifli said last week. According to Zulkifli, a vital resource contained inside protected forests is geothermal. "Geothermal sources are found underground,” he said.

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NTB Wants Newmont 7% Stake

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JAKARTA – West Nusa Tenggara (NTB) administrations and legislatives (DPRD) are determined to acquire the 7% stake in PT Newmont Nusa Tenggara (NNT) valued at US$271.6 million divested under last year’s program, to maximize mining in the interests of the local population
NTB Province DPRD speaker Lalu Sudjirman said the regional government, at the provincial as well as the regency levels, had formally written to the Finance Minister stating their desire to acquire the divested 7% NNT stake.

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