ESDM made IPO option for mining sector JAKARTA. Bad news for Indonesia. Instead of the government or state-owned enterprises (SOEs) could have the shares of foreign mining companies, which are obliged to divest, the Minister of Energy and Mineral Resources (ESDM) Ignatius Jonan even offered the option of IPO or initial public offering (IPO) to the foreign mining companies. The idea for IPO appeared during the meeting between Jonan and mining entrepreneurs, Wednesday night (16/11). "There was option for divestment through go public so that the national investors may take advantage of the mechanism," said the spokesman of Ministry of Energy and Mineral Resources Sujatmiko, Thursday (17/11).
ESDM made IPO option for mining sector
ESDM made IPO option for mining sector JAKARTA. Bad news for Indonesia. Instead of the government or state-owned enterprises (SOEs) could have the shares of foreign mining companies, which are obliged to divest, the Minister of Energy and Mineral Resources (ESDM) Ignatius Jonan even offered the option of IPO or initial public offering (IPO) to the foreign mining companies. The idea for IPO appeared during the meeting between Jonan and mining entrepreneurs, Wednesday night (16/11). "There was option for divestment through go public so that the national investors may take advantage of the mechanism," said the spokesman of Ministry of Energy and Mineral Resources Sujatmiko, Thursday (17/11).