Sponsored Links

Indonesia confident of local interest in foreign mining divestment

JAKARTA, March 9 | Fri Mar 9, 2012 3:03am EST

JAKARTA, March 9 (Reuters) - Indonesia is confident of local interest in stakes owned by foreign companies due to be divested under a new rule that limits foreign ownership to 49 percent, the director general of coal and minerals said on Friday.

"There are more than enough potential buyers for the stakes: the central government, regional government, state enterprises, regional enterprises and national private companies. We are confident that the stakes will be sold," said Thamrin Sihite.

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.