Bukan berita terbaru, tapi mungkin ada yang belum baca. BUMI sangat ambisius
sekali...
My bet? They will get BOTH.
Regards,
DE*
Newmont Will Not Sell Stake in Indonesian Mine, Kontan Reports*
2007-12-13 20:04 (New York)
*By Wahyudi Soeriaatmadja*
Dec. 14 (Bloomberg) -- Newmont Mining Corp. *will not sell* a stake in an
Indonesian copper mine to a provincial government because *the
administration used private company backing to finance the purchase *,
Kontan reported. Newmont requires renegotiation of a previously agreed upon
price because the local administration tied up with a private company, *PT
Bumi Resources*, to buy the stake, the report said, citing Newmont's
Jakarta-based spokesman Rubi Purnomo. Newmont earlier agreed to sell a 7
percent stake in its copper mine in West Nusa Tenggara province for $262
million to the *local government*, the report said.
*
Herald to Hold Talks With Perilya After Hostile Bid From Bumi*
2007-12-13 02:06 (New York)
*By Jesse Riseborough*
Dec. 13 (Bloomberg) -- Herald Resources Ltd., subject of a A$455 million
($402 million) takeover offer from Indonesia's biggest coal producer, will
hold talks with rival Perilya Ltd., holder of a 8.8 percent stake in the
lead and zinc company. The company is seeking talks with Perilya in the next
24 to 48 hours, Perth-based Herald Executive Director Michael Wright said
today by phone from Perth. Perilya bought the stake in Herald last month and
may seek to accumulate a strategic stake, Macquarie Group Ltd. said in a
Nov. 20 report.
PT Bumi Resources yesterday made the *hostile *A$455 million ($397 million)
bid for Herald after talks broke down on valuation, Wright said. Crosby
Capital Partners Inc., a Hong Kong-based investment group, also may consider
bidding for Herald, the Australian Financial Review reported today without
citing anyone.
``We have many discussions with many people all the time,'' Wright said,
declining to name the groups. The talks had been with a number of groups
interested in its Dairi project including metal smelters to funds, he said.
Herald rose 1 cent to A$2.27 at the 4:10 p.m. Sydney time close on the
Australian Stock Exchange. Perilya shares fell 2.6 percent to A$3.36,
valuing it at A$661 million. Bumi stock, which has risen more than sixfold
this year, was unchanged at 5,950 rupiah in Jakarta.
Bumi bid A$2.25 a share for Herald. Euroz Securities Ltd., Herald's adviser,
had valued the company at A$3 a share and most shareholders believe
yesterday's offer undervalues the company, Wright said. ``That would be an
initial indication of what we believe the value to be, if not higher,'' he
said.
*``But certainly as a starting point for negotiations.'' * Bhagyesh Dash,
managing director at Crosby Capital Partners, could not immediately be
reached for comment in Singapore. Perth-based Perilya spokesman Peter
Eggleston declined to comment.
Credit Suisse Group is providing financial advice to Bumi for the offer.
