Indonesian Mining Association


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Give Areas in NNT A Chance

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BY APRILIAN HERMAWAN

JAKARTA - Central administration was asked to return to the initial orientation of PT Newmont Nusa Tenggara divestment program, which was to give opportunity to the producing regions to also relish in the natural resources products.

DPR member of Commission VII Dito Ganinduto considers the policy to provide the regions with this opportunity would be more beneficial, since the shares currently owned by the region already total 24% shares. This shares total will result in stronger ownership with an additional 7%.

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PTFI Partnership Fund To Develop Community-Based Economy

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JAYAPURA (Bisnis Papua) – As a business entity operating in Mimika Regency, PT Freeport Indonesia (PTFI) holds a social responsibility to enhance the welfare of the local community, in particular the groups impacted by PTFI operations.

As such, PTFI continues to work together with local stakeholders and has engaged the community in developing value-added activities by making use of economic potential in the area, based on regional and community advantages. Such activities are carried out through a Village-Based Economic Development Program.

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Newmont IPO Pending Finance Minister Decision

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BY BASTANUL SIREGAR Bisnis Indonesia

JAKARTA The management of PT Newmont Nusa Tenggara’s Batu Hijau mine in West Nusa Tenggara Barat is awaiting the Finance Minister’s decision regarding divestiture of a 7% stake, to hold an initial public offering (IPO).

Newmont President Director Martiono Hadianto said as soon as the divestiture decision was confirmed, the company would prepare for an IPO. “So the IPO could be held this semester or next semester,” he said in Jakarta last night.

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PT DMB Presence Sued

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JAKARTA- United Parliament Members Coalitions (Koalisi Anggota Parlemen Bersatu) of Sumbawa and West Sumbawa Regency sued the presence of PT Daerah Maju Bersaing (DMB) to be immediately dismissed. The crux of the matter is that the foundation of the local company is allegedly violating Laws (UU) No 32/2004 article 177 concerning Local Administration.

PT DMB is a local company which was founded by three local administrations in West Nusa Tenggara (NTB), namely NTB Provincial Administration (Pemprov), Regency Administration (Pemkab) Sumbawa, and Pemkab Sumbawa Barat.

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