VIVAnews - The government decided not to use an assessor team to make price agreement with PT Newmont Nusa Tenggara (NNT) related to the 2008 and 2009 shares divestment of 14 percent.
"Assessor team is unnecessary because it will only add expenses," said Energy Department director for coal and minerals utilization of the mineral coal and geothermal directorate general Bambang Gatot Ariyono in Jakarta on Tuesday, July 7.
According to him, the price disparity between Newmont's offer and the government's price was not high anymore. Thus the agreement point is getting closer.
Newmont calculates its 100 percent share valuing between US$4.5 billion to 6 billion. Meanwhile the government bid US$3.6 billion - US$3.7 billion for 100 percent valuation value of NTT shares.
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Translated by: Ariyantri E. Tarman
