JAKARTA (Indonesia Today) – The government of Indonesia, through its investment agency Pusat Investasi Pemerintah (PIP), had on Friday (April 26) extended share purchase agreement (SPA) to purchase 7% shares of PT Newmont Nusa Tenggara to July 26, 2013.
The SPA has been extended for six times.
Soritaon Siregar, PIP chairman, said the government has not decided yet whether the purchase of Newmont shares will be made through PIP or consortium of state-owned enterprises (SoE).
The 7% Newmont shares might cost US$246 million. (hans@theindonesiatoday.com)