Commission VII DPR Encourages BPK To Audit PT Vale Indonesia's Share Divestment, What's The Purpose?

PT Vale Indonesia office in Sorowako. (Photo: Antara)

JAKARTA - Commission VII of the DPR RI will ask the Indonesian Supreme Audit Agency (BPK) to audit the divestment of PT Vale Indonesia (INCO) shares of 20 percent by PT Indonesia Asahan Aluminum (Inalum).

Deputy Chairman of Commission VII DPR Bambang Hariadi who chaired the meeting said it was important to do this to see the advantages and disadvantages of the divestment activity.

"The House of Representatives Commission VII will encourage BPK RI to conduct audits with certain objectives regarding the implementation of PT written, Friday June 3rd.

Bambang said this audit was carried out with a specific purpose, including the sale of shares through the Indonesia Stock Exchange.

Commission VII, continued Bambang, will explore what benefits the government and society will get in the area of operation of PT Vale Indonesia, a multinational mining company headquartered in Brazil.

PT Vale has been operating in Indonesia since 1968 and has an operating area in Sulawesi.

The Gerindra Party politician added that Commission VII will form a working committee to discuss and evaluate the Contract of Work (KK) mining permit that has been obtained by INCO since 1968 in the Sulawesi operational area.

So far, continued Bambang, Commission VII continues to receive reports regarding the minimal contribution made by INCO for the government and also the local community.

"Commission VII of the DPR RI asks the government not to carry out the process of extending the contract of work to become a special mining business permit for PT Vale Indonesia which will expire on December 28, 2025 before all the problems that currently arise can be resolved properly," he added.