Govt's Move to Secure Freeport's Future

The Ministry of Energy and Mineral Resources (ESDM) has confirmed the presence of a scheme that enables the government, through PT Mineral Industri Indonesia (Persero) or MIND ID, to acquire an additional 10% stake in Freeport Indonesia at a reduced cost, possibly even without any cost.

Lili Sunardi

10 Jun 2024 - 20.28
A-
A+
Govt's Move to Secure Freeport's Future

Bisnis, JAKARTA - The government is devising strategies to minimize the expenses associated with acquiring an extra 10% share of PT Freeport Indonesia, which is a requisite for extending the operational license of the integrated copper mining firm.

The Ministry of Energy and Mineral Resources (ESDM) has confirmed the presence of a scheme that enables the government, through PT Mineral Industri Indonesia (Persero) or MIND ID, to acquire an additional 10% stake in Freeport Indonesia at a reduced cost, possibly even without any cost.

This scheme is designed to alleviate the financial strain on MIND ID's cash flow as a state-owned mining holding company. This move comes as MIND ID has recently acquired a 14% stake in PT Vale Indonesia Tbk. (INCO).

"So, MIND won't need to allocate additional funds. There is a mechanism to get additional shares," stated ESDM Minister Arifin Tasrif last weekend.

Cek Berita dan Artikel yang lain di Google News dan WA Channel
Editor: Rinaldi Azka
Jelajahi peluang bisnis terpercaya dengan berlangganan
Temukan keleluasaan dan keuntungan maksimal dengan pilihan paket berlangganan eksklusif ini
BERLANGGANAN SEKARANG
Tidak Memerlukan Komitmen, Batalkan Kapan Saja
Penawaran terbatas. Ini adalah penawaran untuk Langganan Akses Digital Dasar. Metode pembayaran Anda secara otomatis akan ditagih di muka setiap empat minggu. Anda akan dikenai tarif penawaran perkenalan setiap empat minggu untuk periode perkenalan selama satu tahun, dan setelah itu akan dikenakan tarif standar setiap empat minggu hingga Anda membatalkan. Semua langganan diperpanjang secara otomatis. Anda bisa membatalkannya kapan saja. Pembatalan mulai berlaku pada awal siklus penagihan Anda berikutnya. Langganan Akses Digital Dasar tidak termasuk edisi. Pembatasan dan pajak lain mungkin berlaku. Penawaran dan harga dapat berubah tanpa pemberitahuan.
BIG MEDIA
Jalan K.H. Mas Mansyur No. 12AKaret Tengsin - Jakarta Pusat 10220
© Copyright 2024, Hak Cipta Dilindungi Undang - Undang.
BIG MEDIA
Jalan K.H. Mas Mansyur No. 12AKaret Tengsin - Jakarta Pusat 10220
© Copyright 2024, Hak Cipta Dilindungi Undang - Undang.