Add Indonesian Shares, Bahlil Wants To Meet The President Director Of PTFI This Afternoon
JAKARTA - Minister of Energy and Mineral Resources (ESDM) Bahlil Lahadalia will hold a meeting with PT Freeport Indonesia President Director Tony Wenas today, Wednesday, September 17. This meeting was held to discuss the continuation of the divestment process for PT Freeport Indonesia (PTFI) additional shares for Indonesia
"This is a negotiation, I will meet with Freeport management in the afternoon," Bahlil told the media crew at the Ministry of Energy and Mineral Resources Building, Wednesday, September 17.
After meeting with PTFI management, Bahlil stated that in the near future he would also meet Freeport McMoran management to discuss the continuation of the stock divestment process. However, Bahlil did not state when the exact time the meeting would be held.
"In the near future I will meet with Freeport McMoran management," Bahlil explained.
Previously, Bahlil said there was a potential for additional shares of more than 10 percent.
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"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.
He ensured that the shares released by PTFI 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.