Unspun, ever discreet, hinted back on October 12 (see Mining for Trouble) that a certain international mining company was losing its president director and that this loss would spell more trouble for the embattled company.
Today, the Jakarta Post confirmed in a story (see here) that Noke Kiroyan will be resigning as president director of PT Newmont Pacific Nusantara by the end of this year.
Noke is considered of of Indonesia’s top executives. He knows people and is one of the few media savvy C-level executives in Indonesia. With the first part of Unspun‘s October prediction coming true, what now remains is the second part – that the company is likely to lurch from trouble to trouble without someone at the helm to tell the mining giant how to navigate Indonesia’s turbulent politics.
Then again, as one staffer put it,” there is none so deaf as those who would not hear.”
