Holding Mine Expected to Take Over PT Freeport Share Divestment
By : Herry Barus And Aldo Bella Putra | Thursday, August 31 2017 - 16:00 IWST

Tambang Freeport
INDUSTRY.co.id - Jakarta - Deputy of Mining Business, Strategic Industries, and State-Owned Enterprises Ministry Fajar Harry Sampurno said SOE Minister Rini Soemarno is keen to hold a mining divestment to acquire PT Freeport Indonesia (PTFI)
This was conveyed by Harry after a working meeting with Commission VI of the House of Representatives in Jakarta on Wednesday, saying there are still another 41.64 percent that can be absorbed after the government owns 9.36 percent of the shares of the company from the United States.
"What is clear is that the Minister of State-Owned Enterprises wants to hold a mine holding (Freeport divestment)," he said on Wednesday (8/30/2017)
Nevertheless, Harry explained that to be able to take the remaining 41.64 percent of PTFI shares divestment, the central government will cooperate with local governments.
Thus, the holding mines consisting of PT Inalum, PT Antam, PT Bukit Asam and PT Timah, are not the only parties that buy PTFI shares later. Holding the mine will be included in a special consortium that is interested to buy PTFI shares.
"There have been talks with the provincial and district governments on Friday (25/8), so there is cooperation between central government, provincial government and regional governments to use state-owned enterprises and local enterprises," he told the media crew.
Although there has been no definite decision, Harry admitted that he wants PTFI share takeover process to run as soon as possible. Stages too, he said, can be done two to three stages, with emphasis a long time.
"The share of the central government will be more than the provincial and district governments," he said.
There is also related to the calculation of the price of the divestment of its shares, Harry said later there will be appointment of independent valuator to conduct the study.
"Later from Freeport will appoint, from the government will also appoint. Late this week hopefully the scheme is clear," he concluded.
Read Also
President Prabowo Subianto Inspects Precious Metal Production at…
Aramco Digital and Intel Aim to Forge Collaboration to Establish…
Minister of Trade, Zulkifli Hasan visited the construction of the…
President Jokowi Meets Freeport McMoRan Chairman, Welcomes Discussion…
Citi Facilitate s Harita Nickel’s Initial Public Offering (IPO)
Today's Industry

Senin, 09 Juni 2025 - 14:22 WIB
Savyavasa and Permata Bank Launch Exclusive Foreign Mortgage Program
Savyavasa, a luxury residential development by Swire Properties and JSI Group under PT Jantra Swarna Dipta, in collaboration with Permata Bank, presents a new solution for foreign nationals…

Rabu, 21 Mei 2025 - 10:09 WIB
Indonesia, Thailand Sign MoU on Health Sector, Focusing on Global Capacity, Collaboration
As a part of President Prabowo Subianto’s official visit to Thailand, both countries signed a Memorandum of Understanding (MoU) on health sector, in an effort to strengthen bilateral cooperation…

Rabu, 21 Mei 2025 - 10:06 WIB
Indonesia, Thailand Deepen Cooperation on Security, Trade, and Regional Stability
resident Prabowo Subianto has reaffirmed Indonesia’s strong commitment to deepening bilateral relations with Thailand during the meeting with Thailand’s Prime Minister Paetongtarn Shinawatra…

Selasa, 20 Mei 2025 - 12:44 WIB
Boediman Widjaja's Technology Ready to be Adopted in Jababeka Industrial Estate (KIJA)
In an exclusive seminar entitled "A Great Step: Boediman Widjaja Story - Going from Indonesia, Thriving in Singapore" held at the President Lounge, Menara Batavia, Boediman Widjaja, Founder…

Jumat, 02 Mei 2025 - 10:46 WIB
Binawan and Government Support Indonesian Nurses in Europe through Scholarships
In the midst of the viral #KaburAjaDulu hashtag as a symbol of the young generation's disappointment with domestic working conditions, Binawan responded with real action: dispatching Indonesian…
News Comment