JAKARTA (Yosefardi) – The consortium of state-owned enteprises (SoE) prepared fund of US$500 million to US$1 billion for buying 10.64% shares of PT Freeport Indonesia valuing of US$1.7 billion.
The consortium consists of PT Aneka Tambang Tbk (ANTM), PT Bukit Asam Tbk (PTBA), PT Timah Tbk (TINS), and PT Indonesia Asahan Aluminium (Inalum).
The consortium has sent letter of interest to finance ministry and energy and mineral resources (ESDM) ministry.
The government also mulls to set up a holding company for mining sector, targeting to realize within next 2-3 years ahead.