Indonesia May Delay Newmont Nusa Tenggara Stake Sale

The Indonesian government may delay the divestment of a 7 percent stake in the local unit of Newmont Mining Corp. following a Jakarta court ruling that disputed ownership of the shares, an official said.

“It may be hard to proceed with the divestment following the court ruling and appeal process by Newmont,” Witoro Soelarno, secretary to the director general of coal and minerals at the Energy Ministry, said in an interview in Jakarta today. “The shares are in dispute and it may affect the stake sale process and the result.”