Coordinating Minister of Maritime Affirmed PT Freeport's Attitude to US Trade Minister

By : Ridwan And Aldo Bella Putra | Wednesday, October 18 2017 - 20:00 IWST

Menteri Koordinator Kemaritiman Luhut Binsar Pandjaitan (fokusbisnis.com)
Menteri Koordinator Kemaritiman Luhut Binsar Pandjaitan (fokusbisnis.com)

INDUSTRY.co.id - Jakarta - Coordinating Minister for Marine Affairs Luhut Binsar Pandjaitan affirmed the Indonesian government's stance on divesting 51 percent of PT Freeport Indonesia (PTFI) shares in a meeting with US Trade Minister Wilbur Ross.

Luhut in "Coffee Morning" with media crew in Jakarta, Tuesday (17/10/2017), said the meeting was made at the request of the Minister of Trade Ross and done with a warm and intimate atmosphere.

He recalled, had thought that talks with the Minister of Trade would revolve around Indonesia's surplus trade with the United States.

"But it turns out that some of the issues are Freeport, which I explain that I am coordinating with the Minister of Energy and Mineral Resources and Minister of Finance, that 51 percent is no bargaining, it is the right of the Indonesian government," he said.

The former Coordinating Minister for Political, Legal and Security Affairs said that the take-over process still needs time to finish by 2019 or 2021.

"Secondly, about smelter, and thirdly, I say about management, once we are 51 percent, management is entirely in the hands of Indonesia," he said.

According to Luhut, he did not hold talks with the President and CEO of Freeport-McMoRan Copper & Gold Inc parent company Richard C. Adkerson.

Although, admitted Luhut they had come to the same event on the sidelines of his visit to Washington DC in the framework of IMF-World Bank 2017 Meeting.

"I did not meet with Freeport, there was US-Indo, there was Adkerson there but I did not talk specifically to him, so who asked me about this is the Minister of Commerce, I explained and from him there is no question he is 'happy' with my answer," he concluded.

News Comment

Today's Industry

The President Director of PT Trimegah Sekuritas Indonesia Tbk (TRIM), Philmon Tanuri (left) delivered remarks at the kick off of Trimegah's collaboration with IA SBM-ITB in Jakarta on Wednesday (05/06/2024).

Jumat, 07 Juni 2024 - 19:43 WIB

Trimegah Sekuritas Supports Ikatan Alumni SBM-ITB to Realise Lifelong Learning Mission

In order to realise its mission of “Educate and create wealth for community through unique and professional investment experience”, PT Trimegah Sekuritas Indonesia Tbk (TRIM) collaborates…

Wellington College Independent School Jakarta (WCIJ)

Senin, 29 April 2024 - 05:02 WIB

One of the UK’s Most Established Schools Chooses Jakarta for Their Latest Opening

Wellington College Independent School Jakarta (WCIJ) is thrilled to announce its grand opening in September 2024! As the first private UK school to open in Indonesia, WCIJ, a pioneering co-educational…

Presiden Jokowi

Selasa, 23 April 2024 - 10:29 WIB

President Jokowi Reaffirms Commitment to Farmers’ Welfare

President Joko “Jokowi” Widodo on Monday (04/22) inspected corn harvest in Boalemo regency, Gorontalo province. “Our corn import has decreased significantly from 3.5 million tonnes to…

Photo: Aris Nurjani/VOI

Rabu, 28 Februari 2024 - 12:47 WIB

Carsurin and NBRI Strengthen Strategic Alliance to Propel Indonesia’s EV Industry

PT Carsurin Tbk ("Carsurin") and the National Battery Research Institute ("NBRI") are pleased to announce the signing of a pivotal Strategic Alliance Agreement (SAA), marking a significant advancement…

Beras (Foto/Rizki Meirino)

Rabu, 21 Februari 2024 - 08:43 WIB

Gov’t to Continue Disbursing Rice Assistance

President Joko “Jokowi” Widodo has ensured that the Government will continue rolling out the rice assistance program for low-income families. The President made the statement when handing…