The Minister Of SOEs Regarding The Decree Of Vale's Stock Divestment: Alot!

JAKARTA - Minister of State-Owned Enterprises (BUMN) Erick Thohir gave an answer regarding the progress of the divestment of shares of PT Vale Indonesia Tbk (INCO).

It is known, if currently the divestment process is already at the Ministry of SOEs.

Erick said that his party was still discussing with the Ministry of Energy and Mineral Resources and mining BUMN holding, MIND ID related to the divestment.

"This is a discussion again. Yes, it's tough!" said Erick briefly when met at the Ministry of Energy and Mineral Resources Complex, Monday, October 30.

Previously, Erick also revealed that he was still studying the process of releasing the shares.

He also admitted that he did not want to agree with things that should not be done.

"There are two things that we are studying, lest what is divested is only the outskirts but the one in the middle is still under control," said Erick.

Previously, the Minister of Energy and Mineral Resources (ESDM) Arifin Tasrif provided the latest news regarding the process of divesting PT Vale Indonesia's shares.

Arifin said that the sustainability of divestment is still waiting for the approval of the Minister of State-Owned Enterprises (BUMN).

Meanwhile, from the Ministry of Energy and Mineral Resources, he said, there was no problem regarding the release of Vale's shares.

"It's just a finalization with SOEs. From the Ministry (ESDM), it doesn't matter," Arifin told the media crew quoted on Friday, October 27.

The number of shares Vale will release ranges from 11 to 14 percent.

This divestment is a must so that Vale can still carry out his operations in Indonesia.

Meanwhile, President Director of the Mining BUMN Holding, MIND ID Hendi Prio Santoso, revealed that the divestment of vale shares of 14 percent is not final and there is a possibility of more than that amount.

"Not necessarily (only 14 percent). Still being negotiated," Hendi told the media quoted on Tuesday, August 15.