CAPITAL MARKETS

Rio Tinto summoned by Jakarta court over divestment dispute

MINING behemoth Rio Tinto has been summoned to appear before an Indonesian court after the East Kalimantan regional government filed a civil suit in July over a dispute concerning the price of a mandatory divestment of PT Kaltim Prima Coal.

Greg Tubby

Rio and joint venture partner BP are required to sell 44% of KPC to local parties under a contract, known as the coal agreement, between the Indonesian government and KPC but have agreed to increase the...

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