Tony Wenas Banks Rumors Freeport Will IPO

President Director of PT Freeport Indonesia, Tony Wenas dismissed rumors that the company he was leading would have an IPO. (Between/HO-PT Freeport Indonesia)

JAKARTA - President Director of PT Freeport Indonesia, Tony Wenas, denied that the company he led would conduct an Initial Public Offering (IPO) on the Indonesia Stock Exchange.

"There is no (IPO plan)," Tony told the media quoted on Saturday, July 22.

Tony's brief response broke the statement by the Director of the Assessment of the Indonesia Stock Exchange Company (IDX), I Gede Nyoman Yetna, who revealed that his party invited a company discussion that was deemed appropriate for the IPO. One of them is PT Freeport Indonesia.

"For example, we and Mandiri securities will explore the potential of decent IPO companies throughout Indonesia. Including Freeport," he told reporters, Friday, July 7.

In this celebration, Nyoman also appreciated the government's success in winning Freeport shares. As is known, Freeport has previously controlled the Grasberg mine in Papua since 1991.

He also hopes that after being controlled by the government, Freeport can be listed on the IDX. This is so that the public can also monitor this mining company.

For your information, Freeport Indonesia is the holder of the Grassberg mining area with reserves of up to 4 billion tons.

Currently, 48.8 percent of Freeport Indonesia's share portion is held by Freeport-Mc Moran Inc, and 51.23 percent is controlled by Inalum. However, Inalum's direct ownership is 26.2 percent and 25 percent is held by the Inalum joint venture and the Papuan Regional Government, namely PT Indonesia Papua Metal Mineral.