Jokowi Has Spoken Out About The Divestment Of 14 Percent Of Vale's Shares: Step Back A Little

JAKARTA - President Joko Widodo (Jokowi) has opened his voice about the divestment of shares of PT Vale Indonesia Tbk (INCO) which has not been decided until now.

In fact, President Jokowi previously said that Vale's fate decision would be announced at the end of July 2023. He admitted that Vale's divestment would indeed withdraw from the planned time.

"( Vale's divestment) hasn't yet, back down a bit," said Jokowi in Jakarta, on Monday, August 7.

Jokowi assessed that there were no obstacles related to Vale's divestment process. This is because the conversation is still ongoing and he wants all parties to benefit.

"There are no (obstacles), but they are still in the discussion so they don't (disrupt), everyone must feel benefited," he said.

Previously reported, Minister of Energy and Mineral Resources (ESDM) Arifin Tasrif opened his voice about the undecided divestment of shares of PT Vale Indonesia Tbk (INCO).

Arifin said that it had now been decided that Vale would release 14 percent of its shares to Indonesia through the Mining Mind ID BUMN holding.

"So Vale has finished. Now it's just a business to business (Vale with MIND ID) regarding divestment," Arifin told the media at his office, Friday, August 4.

He also confirmed that currently Vale was willing to release his shares by 54 percent. "In the past, 40 have been divested, now 14 are again, 54 percent," added Arifin.