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Govt to create holding company for mining SOEs this year
Stronger together: State-Owned Enterprises Minister Rini Soemarno attends a meeting at the House of Representatives
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span class="inline inline-center">Stronger together: State-Owned Enterprises Minister Rini Soemarno attends a meeting at the House of Representatives. She has announced plans to create a holding company for state-owned firms in the mining sector. Currently, the country has three state-owned holding companies, operating in the plantation industry, re-insurance industry and pharmaceutical industry, respectively.
The government is targeting to create a holding company of state-owned mining firms by the end of 2016 and has created a committee to study options for the consolidation scheme in March.
Four state-owned enterprises (SOE) have sent representatives as member of the committee, namely PT Bukit Asam, PT Timah, PT Aneka Tambang and PT Indonesia Asahan Alumunium, according to Fajar Harry Sampurna, the State-Owned Enterprises Minister's assistant for mining, strategic industries and media.
"The establishment of the holding company will be decided within three months, including whether to create a new company or whether to make one of the four firms a parent company," he said in Jakarta on Friday.
Earlier, State-Owned Enterprises Minister Rini Soemarno said Indonesia should have holding companies for the SOEs operating in 16 sectors, including mining, banking and insurance.
With one giant holding company in each sector, she said, the capacity and the efficiency of Indonesian SOEs would increase. (ags)
