The remaining seven percent stock of Newmont Nusa Tenggara Corp. that should be disinvested in 2010 contested by national entrepreneur of Valco Capital belong to the son regions of Nusa Tenggara Barat (NTB), M. Hadi Bil’id. Cooperate with Sumbawa government there is new corporation named Sumbawa Maju Jaya co.
The president of Valco Capital Limited, M. Hadi Bil’id says that he will get the remaining seven percent stock . Even thought the remaining seven percent stock significantly could not assure him sit on commissary or director position. Hadi confessed when met at his office on Wednesday night (May 5). “Investor is the one who take the control, but it’s okay for me because all I done merely for my region,” Hadi said.
According to him, up until today, the government has not yet issued that disinvested stock price. NNT Corporation had offer seven percent stock for the government around US $ 444.079 million. “It is clear that I had received green light from the government,” he said.
24 percents of NNT Corp. stock had been paid by Multi Daerah Bersaring Co. a combined company oc Multi Capital (Bumi Resources) Corp. with Daerah Maju Bersaing Corp. as a company developed by NTB provincial government, Sumbawa regional government and West Sumbawa regional government. At first, PT MDB paid ten percent stock of disinvested in 2006 and 2007 for about US $ 391 million dollar on November 2009. And in 2008’s stock disinvested seven percent for US $ 246.806 million on December 11, 2009. Then for 2009’s seven percent stock disinvested for another seven percent was paid on March 15, 2010 for about US $ 246.806 million.
Valco is one of the six prospective corporate partners volunteered bought NTT Co. stock, among them are Batavia PLC corporation – Amstelco London, Multy Capital – Bumi Resource, Media Group – Surya Paloh, Multy Indonesia Trading and a local company, Sinar Rinjani Tambora Co.
But in July 11, 2009, NTB Governor Muhammad Zainul Madjdi, KSB Regent Zulkify Muhadly, KS Regent Jamaludin Malik agreed pointed MC as their corporate partner of DMB Co. to initiated stock disinvesting of NNT Corporation.
Commissary of DMB co. from Sumbawa as well as his Assistance II of Regional Secretary, KS RAsyidi confessed that there is still no discussion. “Perhaps through Sumbawa Regent or perhaps through Sumbawa Local Governmental Company,” he said. It is says that KS had joined DMB until there is consortium agreement. “It depends on the chairperson,” even the director of Sumbawa local governmental company, Arifin Umar, could not give the answer when contacted through short message. But according to the local company authority, as the director of DMB Co. Andy Hadianto, if there is company interested to buy it, they should went through the three local governmental companies. “The three local governmental companies should keep united. The designation company is the three local companies’ privilege,” he said.
If KSB has Green Stone mine operated since 2000, that will be Dodo and Rinti at Elang block belongs to KS that still in exploration phase. People says the mines have three times large potential than the Green Stone which contains porphyry copper and little of gold and silver. At the end of 2004, it was recorded copper reverse valued 6.3 billion Pound and 7.2 million ounce gold reverse estimated will get exhausted for the next 20 years.
News by Lombok News
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