Bahlil Says Freeport Wants To Release More Than 10 Percent Of Shares For Indonesia

JAKARTA - Minister of Energy and Mineral Resources (ESDM) Bahlil Lahadalia revealed that Indonesia's share ownership of PT Freeport Indonesia (PTFI) will increase by more than 10 percent.

According to Bahlil, there were developments in the negotiations so that from the previously planned divestment of 10 percent, it is now more massive than the initial estimate.

He has also reported the latest developments to President Prabowo Subianto.

"At first, we agreed to add 10 percent of Freeport shares. But earlier negotiations developed, God willing, were said to be more than that," said Bahlil, Monday, September 15.

Bahlil said Prabowo also ordered himself to speed up the communication process with PTFI while extending the PTFI Special Mining Business License (IUPK) after 2041.

"I was asked to be able to communicate acceleration and if it is fixed, God willing, we will consider continuing the contract," explained Bahlil.

However, the General Chairperson of the Golkar Party did not reveal exactly how much stock Indonesia would narrow down. He asked all parties to wait until the signature process was completed.

"How certain will I announce it after the signature of the extension process," said Bahlil briefly.

Ia memastikan, saham yang dilepas PTFI didapatkan Indonesia dengan harga yang terbilang cukup murah.

Apalagi, kata dia, nilai valuasi PTFI terbilang cukup kecil sehingga harga yang didapat jauh lebih murah.

"Untuk 10 persen lebih, biayanya sangat murah sekali. Karena valuasi asetnya kan kita anggap itu sudah nilai bukunya sangat tipis sekali," tandas dia.

He ensured that the shares released by PTFI were obtained by Indonesia at a fairly cheap price.

Moreover, he said, the valuation value of PTFI is quite small so that the price obtained is much cheaper.

"For more than 10 percent, the cost is very cheap. Because we consider the asset valuation to be very small in book value," he said.