JAKARTA (Yosefardi) – The government of Indonesia intends to offer to private companies to buy 20.64% shares of PT Freeport Indonesia as the government’s has no sufficient funds.
Freeport Indonesia, under the government regulation number 77/2014, is obliged to divest up to minimum 30% shares within next 4 years. Currently the government of Indonesia holds 9.36% Freeport shares.
Sudirman Said, Minister of Energy and Mineral Resources, the divestment of Freeport shares will be discussed soon with finance ministry, ministry of industry and ministry of state-owned enterprises (SoE).
The government of Indonesia or private companies would buy Freeport’s 20.64% shares at total value of US$4 billion at current rupiah level against the US dollar.