medcom.id, Jakarta: Medco Energi Internasional owner Arifin Panigoro revealed the acquisition process of PT Newmont Nusa Tenggara will be finished soon.
"We will announce it soon. I think it will be this week," said Arifin, Jakarta, Tuesday (4/5/2016).
Arifin stated he will acquire the whole Newmont's shares. Newmont is a mining company which is based in West Nusa Tenggara.
The oil tycoon mentioned he also has reported the latest progress to President Joko Widodo.
Newmont's shares currently held by four companies namely Nusa Tenggara Partnership B. V., Pt Multi Daerah Bersaing, PT Pukuafu Indah and PT Indonesia Masbaga Investama.
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