Jakarta, Aktual.com – Divestment of shares of PT Freeport Indonesia (PTFI) by the government of Indonesia has not experienced growth since the government sent a letter of objection to the desired price from the US company.
Director General of Mineral and Coal, Ministry of Energy and Mineral Resources (ESDM) Bambang Gatot said that to this day the government has not received a response to objections submitted by the government.
“Freeport there is no progress in divestment. Not yet she retorted,” said Bambang Gatot at the Energy and Mineral Resources Ministry building in Jakarta, Monday (6/6).
As reported earlier, Bambang Gatot said that the government has been following up with the divestment deals sent a reply letter to PT Freeport and declared that the share price is too expensive.
“I gave respon letter yerterday, which is the signed is me, the value USD1,7 billion would mind. yesterday, had been to Freeport, the price is still not appropriate,” he said while attending the inauguration of the Chairman of the Management Board of Oil and Gas Aceh (BPMA) at the Heritage Energy and Mineral Resources Ministry Building, Medan Merdeka Selatan Street No. 18 Jakarta, Monday (11/4).
He added that the focus points of the discussion is about the economic parameters and time parameters. PT Freeport calculate the value of the investment until the year 2041 and it has become a point rejection of the government.
“Yes, that’s them, the government has a different view again,” said Billy.
For information, PT Freeport has sent a letter of offer 10.64 percent stake divestment To the Ministry of Energy and Mineral Resources dated Wednesday (13/1).
In his calculations, the value of 100 percent of PT Freeport Indonesia claimed to achieve USD16,2 Rp225,18 trillion, equivalent to the rate of Rp13,900. Thus, the price of 10.64 percent of the shares of USD1,7 billion, equivalent to Rp23,63 trillion.
Director and Executive Vice Preside Freeport Indonesia Clementino Lamury has explained that bids submitted by Freeport based on the calculation by entering the extension assumptions Freeport operations to be acquired after 2021.
In addition, he has also calculated the investments made by Freeport USD4,3 billion for underground mining (underground mining), as well as investment plans which will be issued from today until the contract expires in 2021.
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