Indonesian Mining Association


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State Agency May Buy Newmont Shares

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By Alfian

The Finance Ministry has asked the state investment agency PT Pusat Investasi Pemerintah (PIP) to set aside US$271.6 million for a 7 percent stake in PT Newmont Nusa Tenggara (PT NNT), a local unit of US-based mining giant Newmont Mining Corporation.

"We have been asked to prepare for the acquisition of a 7 percent stake, but we have not been officially ordered to buy yet," PIPs chair Soritaon Siregar said Wednesday.

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Presidential Regulation On Underground Mine To Be Legalized

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JAKARTA - The drafting of legal umbrella on underground mining is entering its final stage. The forestry minister Zulkifli Hasan, hopes that the legal umbrella in form of the presidential regulation can be completed in the following weeks.

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Gold Rises On Speculation Of High Demand

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LONDON - Gold climbed in London and New York as a decline in the dollar may boost record investment demand through exchange-traded products.

The US Dollar Inde* fell for the first time in three sessions. Gold often moves inversely to the dollar. Gold assets in ETPs rose to a record 2,114.6 metric tons as of Monday, according to data collected by Bloomberg from 10 providers.

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Eksekutor Saham Newmont Belum Diputuskan

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JAKARTA - Pemerintah memastikan membeli 7 persen saham divestasi PT Newmont Nusa Tenggara. Namun belum diputuskan siapa yang akan menjadi eksekutornya. Menteri Badan Usaha Milik Negara Mustafa Abubakar mengatakan Pusat Investasi Pemerintah Kementerian Keuangan maupun perusahaan badan usaha milik negara bisa menjadi kendaraan pemerintah.

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