Holding BUMN Mine will Build Smelter PT Freeport

By : Ridwan And Aldo Bella Putra | Wednesday, November 22 2017 - 20:00 IWST

Ilustrasi Smelter
Ilustrasi Smelter

INDUSTRY.co.id - Jakarta - The holding company of the State-Owned Enterprise (BUMN) said it would be responsible to build smelters or refining minerals from PT Freeport Indonesia if it had agreed to divest the majority 51 percent owned by Indonesia.

"If it runs smoothly, and Inalum owns a majority share then the smelter becomes our responsibility, so now various locations have been considered," said President Director of PT Indonesia Asahan Aluminum (Inalum) Budi G Sadikin in Bengkulu, Wednesday (22/11 / 2017)

This was stated during the Coordination Meeting between BUMNs in Bengkulu. Building a smelter is a condition proposed by the Indonesian government to enable Freeport to extend its business license to do so.

In addition, PT Freeport Indonesia has the potential to increase its holding assets to Rp200 trillion if it is 51 percent owned by PT Inalum.

"If the divestment process of Freeport shares is smooth then it means that the share holding of BUMN mines can increase, the range becomes Rp200 trillion," he told the media crew.

Currently, according to him, the development for the divestment process is still in the process of negotiation process and involves various parties to the Regional Government, it is expected that the offered value can be handled by the holding of SOE mines.

Assets from the holding of State-Owned Enterprises (SOEs) in the mining sector are expected to range from Rp87 trillion to Rp90 trillion.

There are three members of the state-owned mining company PT Aneka Tambang Tbk (ANTM), PT Bukit Asam Tbk (PTBA) and PT Timah Tbk (TINS) will hold a Shareholders General Meeting (RUPSLB) on November 29, 2017.

The agenda of EGMS is to amend the articles of association in relation to the transfer of majority ownership from the original state of the Republic of Indonesia to the ownership of PT Inalum (Persero) wholly owned by the state.

News Comment

Today's Industry

Rapat Koordinasi Gabungan Evaluasi UPSUS 2017 dan Persiapan Kegiatan 2018

Jumat, 15 Desember 2017 - 21:00 WIB

Ministry of Agriculture Optimizes Swamp Land Through Agricultural Mechanism

Palembang - Director General of Agricultural Infrastructure and Facilities at the Ministry of Agriculture, Pending Dadih Permana said that the potential of swamp land in South Sumatra is quite…

Ilustrasi Migas (ist)

Jumat, 15 Desember 2017 - 20:30 WIB

Oil and Gas are Still The Major Source of Energy Indonesia

Jakarta - Head of Formalities Division of Special Force Work Unit (SKK) Migas Didik Setiyadi said in the next 12 years Indonesia is threatened to run out of petroleum if not find new oil and…

Para Pembicara Diskusi yang diselenggarakan oleh ISTMI (Ikatan Sarjana Teknik Industri dan Manajemen Industri Indonesia) bersama PT. PGN (Persero) TBK.

Jumat, 15 Desember 2017 - 20:00 WIB

ISTMI and PGN Hold a Discussion on Downstream Industrial Policy

JAKARTA (IFT) - The Association of Industrial Engineering and Industrial Management of Indonesia (ISTMI) as a forum for professionalism in the field of engineering and industrial management,…

Delegasi PWI di Korea Selatan

Jumat, 15 Desember 2017 - 19:30 WIB

PWI Slams Violence of Chinese Apparatus to Journalists of the Republic of Korea

SEOUL - The Indonesian Journalists Association (PWI) participated in spite and condemned the violence committed by the People's Republic of China (PRC) against two Republic of Korea journalists…

Monika Rudijono Presiden Uber Indonesia

Jumat, 15 Desember 2017 - 19:00 WIB

Monika Rudijono Officially Becomes President of Uber Indonesia, This is Her Profile

Jakarta - After being abandoned by Alan Jiang who served as Managing Director in June, Uber announced the appointment of Monika Rudijono as President of Uber Indonesia.