Agus Marto: Take the Government's turn Ration Newmont Shares

Jakarta - No matter demonstrations residents of West Sumbawa, Finance Minister Agustin Martowardojo assert the central government would buy 7% stake in PT Newmont Nusa Tenggara. Just waiting for the administration of the purchasing process is finished.

"The problem of funds to buy Newmont shares will be delivered in particular after the administrative process is completed," Agus said when met at his office, Wahidin Jalan Raya, Jakarta, Wednesday (20/04/2011).

Agus said the current agreement between central government and Newmont about the purchase of a 7% stake divestment was completed. Ministry of Finance will appoint the Government Investment Center (PIP) as the buyer of the shares.



"Dana has provided PIP. In the Contract of Work is required to explain the divestment of government (central). So through PIP pemeirntah to buy shares of Newmont," he said.

It is said Agus, PIP only 15-17% using its own funds to buy up shares of Newmont it. "The government does not borrow from anyone," said Agus.
During this time, obviously Agus, the government has never taken jatahnya to buy shares of mining companies in Indonesia. Newmont became the first.

"So we all hope that in the contract mining works have never been owned by the government. This is us trying to be a government-owned shares. Local government is 24%, it is time the central government 7% according to the contract work," said Agus.

As known to the West Sumbawa regency want a 7% stake divestment Newmont fell into his hands. Local government and residents threatened to close operations if Newmont does not get it. Demonstrations also occur repeatedly.

According to the contract work, foreign shareholders of NNT required to divest 51% of its foreign shares, amounting to 80% of it to the national party with the most recent schedule should be March 2010. As many as 20% have mastered nationally through Pukuafu, so the NNT should divest 31% of the rest.

Schedule divest 31% stake NNT according to the contract work was 3% in March 2006, 7% in March 2007, 7% in March 2008, 7% in March 2009, and 7% in March 2010. But all the divestment schedule back, and now the remaining 7% stake to ration divested in 2010.

PT Multi Region Compete (MDBs) have acquired 24% stake divestment and intend to have the remaining 7% divestment in 2010. MDB is a joint venture PT Maju Bersama Region (DMB) with PT Multicapital, which is a subsidiary of the Bakrie Group. Meanwhile, DMB is the three government-owned enterprises, the government of Sumbawa, West Sumbawa Local Government, and Local Government NTB.

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