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Newmont Awaits Shareholders' Approval

The company is still waiting for the general meeting of shareholders’ approval.

Selasa, 24 November 2009, 09:04 WIB
Antique, Ferial
Mining activity is seen in the gold and copper mine of PT Newmont Nusa Tenggara. (VIVAnews/Hadi Suprapto)

VIVAnews – PT Newmont Nusa Tenggara (NNT) is still waiting for the shareholders’ approval in the 2009 share divestment process.

“[The company] is still waiting for the general meeting of shareholders’ approval for [the 2009 divestment] process,” said Newmont Pacific Nusantara (NPN) president director Martiono Hadianto in Jakarta on late Monday, Nov. 23.

Meanwhile, the 2008 divestment process will be concluded after finishing the process at the Directorate General of Mineral and Coal and the Investment Coordinating Board (BKPM).

The structural change in the NNT will be decided as soon as possible at the NNT general meeting of shareholders, according to Hadianto.

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Translated by: Ariyantri E. Tarman



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