Indonesia Minister: Antam, Government May Buy Stake In Newmont Unit
10 Agosto 2009 - 10:19PM
Noticias Dow Jones
Indonesian state-owned nickel producer PT Aneka Tambang
(ANTM.JK) is likely to be allowed to buy a stake in Newmont Mining
Corp.'s (NEM) local operations, probably together with a government
investment body, the minister for state companies said late
Monday.
"We are ready to buy (the stake) with a consortium formed by
Antam," Sofyan Djalil, Minister for State Owned Enterprises
Affairs, told reporters.
He said the Government Investment Centre, or PIP, may partner
Antam in the deal, and the government hopes to make a final
decision on the purchase of the unit by Friday.
The central government or its designee may this year buy as much
as 14% of PT Newmont Nusa Tenggara, or PTNNT. The 14% comprises
stakes in PTNNT that were due to be sold to local buyers between
2007 and this year.
Divestiture of stakes in PTNNT in the previous years had been
delayed due to problems with the negotiating process.
-By Linda Silaen, Dow Jones Newswires; 62 21 3983 1277;
Reuben.Carder@dowjones.com