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Jakarta Post
The Jakarta Post
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Editorial: Twist in Newmont divestment

  • The Jakarta Post

| Wed, August 1 2012 | 08:10 am

PREMIUM The State Investment Agency (PIP) will have to review its investment procedures and operations following the Constitutional Court’s decision on Tuesday that annulled the government purchase, through PIP, of a 7 percent stake in gold and copper mining PT Newmont Nusa Tenggara (NNT) in May last year.

The Constitutional Court’s verdict stipulates that since the PIP is simply a working unit...