Jokowi Opens Voice About Additional 10 Percent Investment Of Freeport Shares

Acting Governor of East Java Adhy Karyono (left two) accompanied President Jokowi to inaugurate the PTFI smelter in the Special Economic Zone (SEZ) in Gresik. (Photo: ANTARA)

President Joko Widodo opened his voice regarding further news regarding the addition of 10 percent of government shares in PT Freeport Indonesia (PTFI).

Just so you know, currently the government has narrowed 51 percent of PTFI's shares.

Jokowi said that until now the negotiation process was still ongoing.

However, he continued, this process took a long time.

He gave an example, the process of adding up to 51 percent of shares also took quite a long time.

"Still in negotiations. In the past, when we wanted to take 51 percent, the negotiations were also not a month, two months, three months. Annually, tough. It was not an easy thing," he said after inaugurating the PTFI smelter in Gresik, Senenin, September 23.

Regarding ongoing negotiations, Jokowi handed over the matter to the Minister of Energy and Mineral Resources (ESDM) Bahlil Lahadalia.

Jokowi admitted that he had asked Bahlil to speed up the negotiation process because PTFI already had the smelter which was just inaugurated today.

"But I ask that it be cleared as soon as possible. Because the smelter has also been completed, and this belongs to Indonesia," said Jokowi.