Indonesia offers part of Newmont mine

Indonesia offers part of Newmont mine

Indonesia’s central government is offering a quarter of its 7 percent stake in the local unit of Newmont Mining Corp to the regional government where the company’s copper and gold mine is located, the finance minister said on Tuesday.

“The reason is for the national interest. And we believe this is a step further to build the nation,” said Martowardojo, without giving further details on why he is making the offer.

“This is a smart way from Agus Martowardojo to shame Bakrie because Golkar will now be forced to accept the scheme,” said political analyst Burhanuddin Muhtadi from the polling agency Indonesian Survey Institute.

“With this gesture, Martowardojo is accommodating the local government’s wish as well as Bakrie’s.”

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