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Government guarantees Freeport operation

JAKARTA KOMPAS The transfer of shares is expected to financially benefit the people of Indonesia and the entire country The government guarantees PT Freeport Indonesias operations until 2041 This guarantee is part of the process of divesting Freeports shares by PT Indonesia Asahan Alum

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President Joko “Jokowi” Widodo (center) shakes hands with Freeport-McMoRan CEO Richard Adkerson, witnessed by State-Owned Enterprises Minister Rini Soemarno (left), Energy and Mineral Resources Minister Ignasius Jonan (second left) and the president director of PT Indonesia Asahan Alumunium (Inalum), Budi Gunadi Sadikin, after briefing the press on Freeport-McMoRan’s divestment from PT Freeport Indonesia's at Merdeka Palace, Jakarta, Friday (21/12/2018). The President announced that the government will pay US$3.85 billion or around Rp 56 trillion through PT Inalum to increase the state’s ownership of PT Freeport Indonesia to a controlling stake.

JAKARTA, KOMPAS — The transfer of shares is expected to financially benefit the people of Indonesia and the entire country.

The government guarantees PT Freeport Indonesia's operations until 2041. This guarantee is part of the process of divesting Freeport’s shares by PT Indonesia Asahan Aluminium. Inalum must exchange a part of Freeport's shares at almost Rp 60 trillion (US$3.85 billion).

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