PT Freeport Divestment Must Involve Others

By : Herry Barus And Aldo Bella Putra | Tuesday, January 30 2018 - 19:00 IWST

Budi Gunadi Sadikin menjadi Dirut PT Inalum (Persero) (Foto Humas)
Budi Gunadi Sadikin menjadi Dirut PT Inalum (Persero) (Foto Humas)

INDUSTRY.co.id - Jakarta - President Director of PT Inalum (Persero) Budi Gunadi Sadikin ensures the government remains committed to take over PT Freeport Indonesia's shares up to 51 percent, with the record having to involve other parties within the company.

"We do not have to worry about taking over, because the point is we have been mandated," said Budi on the sidelines of the House of Representatives' Hearing Commission (VIDP) hearing with Inalum at the MPR / DPR Building Jakarta, Monday (29/1/2018).

According to Budi, Freeport's share acquisition process is not easy, so it must involve other stakeholders in Freeport.

"Currently, the reality of Freeport Indonesia's share ownership condition is quite complex because of its relationship with other parties," he said.

Therefore, added Budi should involve all parties related to the ownership of shares of Freeport Indonesia.

"If not (cooperation), the target has 51 percent share of Freeport Indonesia cannot be achieved," he said.

Budi, who is also former President Director of Bank Mandiri and the Special Staff of the Minister of State-Owned Enterprises, explained that the technical takeover of Freeport Indonesia shares is still in process.

However, he did not elaborate further on the parties involved in the acquisition of the gold mine because of issues such as contract renewal, divestment and divestment stability.

Budi also did not answer when asked about the entry of other parties such as BPJS, State Insurance Association (Asgara) to participate in marking the acquisition of Freeport shares.

He also does not want to disclose the scenario of entry into Freeport through Rio Tinto through its participation rights in Freeport Indonesia.

"The important thing should be if the government share has reached 51 percent in Freeport 51 percent, that's also the revenue or profit received by the state," he said.

Asked about the deadline that directed the Minister of Energy and Mineral Resources, Ignasius Jonan, which the Freeport valuation limit value around June 2018, Budi explained that his party is ready to catch up with the deadline.

"We as assigned have to work as well as possible. Pray only, pretty good progressnya," he said. (Ant)

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