Title:

The Conflict of Private-National Interests in the Divestation of PT. Newmont Nusa Tenggara’s Shares (The Study on Newmont Divestation 2008-2016)

Author:

Mail Ferdi Hasiman(1*)
Mail Julian aldrian Pasha(2)

(1) Post-graduate Student of The University of Indonesia, Indonesia
(2) Post-graduate Student of The University of Indonesia, 
(*) Corresponding Author
10.31002/lh.v2i2.1137| Abstract views : 62 | PDF views : 0

Abstract


The 1945 Constitution mandates that strategic mining must be controlled by the state. Not by foreign corporations. Based on that mandate, Indonesian government is struggling for the shares divestment of Newmont Nusa Tenggara (NNT), an American based mining company. NNT operates the Batu Hijau and the Elang Dodo Rinti mine. NNT’s Contract of Work mandates NNT to divest shares of 51 percent. NNT disobeyed the divestment order. In the divestment process, there is a conflict of private-national interests. The divestment process becomes an event to seize the oligarchy. In some term, a new oligarchy regulates Newmont

Keywords


Newmont Nusa Tenggara, Constitution’s mandate, strategic mining, Contract of Work, divestment order, Law No.4 / 2009, Agus Martowardoyo, Bakrie Group, PT. Multi Daerah Bersaing, Oligarchy, Winters, state-owned company, foreign company, Medco, civil societ

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References


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Winters, Jeffrey A. (2011). Oligarki. Jakarta: Gramedia Pustaka Utama.

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Michael Agustinus, Newmont Diakuisisi Medco, Sudirman Said: Nilai Tambah Tak Lagi ke Luar Negeri. (13th Juli, 2016). https://finance.detik.com/energi/3252270/newmont-diakuisisi-medco-sudirman-said-nilai-tambah-tak-lagi-ke-luar-negeri, Accesed on 30th Januari, 2018.

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DOI: http://dx.doi.org/10.31002/lh.v2i2.1137

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DEPARTMENT OF LAW, UNIVERSITAS TIDAR, INDONESIA