PT Freeport Potentially Increases Assets Holding Rp200 Trillion

By : Ridwan And Aldo Bella Putra | Wednesday, November 22 2017 - 20:30 IWST

Karyawan PT Freeport Indonesia. (Foto: Freeport Indonesia)
Karyawan PT Freeport Indonesia. (Foto: Freeport Indonesia) - Bengkulu - PT Freeport Indonesia has the potential to raise its holding or 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 state-owned mining company can increase, the range becomes Rp200 trillion," said President Director of PT Indonesia Asahan Aluminum (Inalum) Budi G Sadikin in Bengkulu, Wednesday (22/11/2017)

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.

"Yes around that, almost Rp90 trillion, it will later be used to manage the mineral and coal wealth (minerba) in Indonesia," he said.

Currently, according to him, the holding of SOE mine is still formulating the goal planning strategy for the period of three months ahead.

The establishment of holding company (holding) BUMN mining is expected to provide benefits for all stakeholders so as to create state-owned mining industry capable of becoming a regional player.

Meanwhile, Deputy for Mining Business, Strategic Industries and Media Fajar Harry Sampurno said the synergy of state-owned mining is also expected to improve efficiency and financial strength to facilitate the development of business, especially in the field of downstream.

According to Harry, according to the plan there are three members of the holding company of 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.

"The main agenda of the EGMS is to seek shareholder approval of a shareholder change to PT Inalum (Persero) which is 100 percent owned by the state," said Harry as quoted by Antara.

Despite changing status, the three members of the parent company remain treated equally with SOEs for strategic matters so that the state retains control over the three companies, either directly through dwiwarna or indirect shares through PT Inalum (Persero) which is 100 percent of its shares owned by the state. It is regulated in PP 72 of 2016.

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