JAKARTA (Yosefardi) – Local government of Sumbawa, West Nusa Tenggara (NTB) province, reportedly has no fund to buy 7% shares of PT Newmont Nusa Tenggara which values for Rp2.4 trillion.
Lin Che Wei, director of Katadata, said three local governments – Sumbawa district, Sumbawa municipal district, and NTB province – represented by PT Multi Daerah Bersaing (MBD) have no funds for buying Newmont shares.
He noted that 3 local governments only have a combined budget of Rp1.6 trillion.
Meanwhile, Coordinating Minister for Economy Hatta Rajasa has repeatedly revealed the purchase of 7% Newmont shares is assigned to local government as central government does not allocate the budget.
Currently Newmont’s shareholders are Newmont/NTP (56%), PT Multi Daerah Bersaing (24%), PT Pukuafu Indah (17.8%), and PT Indonesia Masbaga (2.2%).
By Ferdi Hasiman