Jakarta, Aktual.com-The government said will take divestment Freeport through state-owned enterprises. This was stated by Minister of Energy and Mineral Resources (ESDM), Sudirman Said. He claimed to have discussed it with the Minister of state-owned enterprises , Rini Soemarno to prepares divestment.

“Yesterday I spoke with the minister of state-owned enterprises, the government will assign state-owned companies to take this opportunity,” said Minister of Energy and Mineral Resources Sudirman Said in Kartini hall Jakarta, Tuesday (2/2).

He explained that the divestment procedure sequence, starting from the Central Government, Local, state, and local enterprises.
“The first sequence is Central Government, Local, state, new enterprises,” he said.

About the price, he said anyone who would sell would definitely want a high price, but whoever will buy will offer the lowest price.
So that is way the side have formed a team of independent evaluators to assess the suitability divestment price.

As has known that the company had sent a letter of offer 10.64 percent divestment To the Ministry of Energy and Mineral Resources dated Wednesday, 01.13.

In the calculation , the value of 100 percent of PT Freeport Indonesia claimed to reach USD16,2 or equivalent Rp225,18 trillion at an exchange rate of Rp 13,900 . Thus , the price of 10.64 percent of the shares of USD1,7 billion , equivalent to Rp23,63 trillion

Director and Executive Vice President Freeport Indonesia Clementino Lamury has explained that bids submitted by Freeport based on the calculation with including the assumption of an operation extension will be obtained Freeport after 2021.

In addition, he has also calculated the investments made by Freeport USD4,3 billion for underground mining, with investment plans which will be issued from today until the contract ends in 2021.

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