Friday, 14 December 2018 | 22:16 WIB

Signing Freeport Divestment Agreement, Finance Minister Says It’s Form of Govt Cohesiveness

PT Inalum and government are ready to take over divested shares of PT Freeport.

JAKARTA, NNC - Finance Minister Sri Mulyani said the government took a strategic step in addressing PT Freeport's divestment policy so far.

This was disclosed after signing PT Freeport Indonesia (PTFI) divestment agreement with the central government, government of Papua Province, Government of Mimika Regency, and PT Indonesia Asahan Aluminum (Inalum).

The agreement was attended by Minister of Energy and Mineral Resources Ignasius Jonan and President Director of PT Inalum Budi Gunadi Sadikin.

"One of the strategic moves, significant progress in taking over PTFI divestment shares after the agreement of the government and PTFI on August 27, 2017," said Minister of Finance in Jakarta, Friday (1/12/2018).

She also acknowledged that this agreement is one form of government cohesiveness in the face of the transition of ownership of the gold mine.

"This agreement is about acquiring PTFI shares. I thank all the team for their cooperation so we can sign the agreement which has just been done," she said.

As is known, the Ministry of Energy and Mineral Resources acknowledged the government did decide to re-extend the temporary mining business permit (IUPK) owned by PT Freeport Indonesia. It is intended to extend the negotiations between the government and PTFI.