I don’t believe it works that way. My understanding is the entity that owns the mine is a particular type of company incorporated in Indonesia called a PMA, and NIC’s 80% ownership in that company is considered foreign investment, while the Wijoyo family’s 20% ownership is local investment. NIC must divest shares in that PMA company to locals in accordance with the divestiture schedule. Happy to be corrected.
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98.0¢ |
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Mkt cap ! $4.242B |
Open | High | Low | Value | Volume |
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