REPUBLIKA.CO.ID, JAKARTA - Indonesian government will ask House of Representative to permit the central government using Government Investment Center (PIP) fund to buy seven percent shares of PT Newmont Nusa Tenggara. Minister of Finance, M Chatib Basri said government seriously considering the plan and followed the Constitutional Court's decision to go to the House.

The House is expected to give its approval in August, after recess time. "Before the House proceeds, government will extend sales and purchase agreement term," Basri said on Saturday.

Basri denied that government's desire was contrary to Coordinating Minister for Economic Affairs, Hatta Rajasa who wanted local government or state-owned enterprises to buy Newmont shares . Ministry of Finance plans to buy Newmont shares worth 246.8 million USD or 2.47 trillion IDR through PIP funds.

Since Newmont divestment agreement was signed in May 2011, until now the agreement has not been executed. It's because Supreme Audit Agency (BPK) said it should be through license of the House. 

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