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View all search resultsBPJS Ketenagakerjaan might buy Freeport shares
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Value added output: A worker monitors the mineral flotation process to produce copper, gold and silver concentrates in one of Freeport Indonesia's facilities. The dried concentrates are taken to Amamapare port, Papua and shipped to molding factories. (Kompas/B. Josie Susilo Hardianto)
T
he Workers Social Security Agency (BPJS Ketenagakerjaan) is considering taking part in a consortium tasked with buying shares of gold and copper miner PT Freeport Indonesia after the miner agreed to divest 51 percent of its shares in exchange for a contract extension for its Grasberg mine in Papua to 2041.
BPJS Ketenagakerjaan president director Agus Susanto said his company would discuss the issue internally before deciding whether it will join a consortium of state-owned enterprises to buy Freeport’s shares.
“Of course we support the government, but to make a decision on investment, we need to carry out an internal study,” Agus said in Jakarta on Tuesday as reported by kompas.com.
Previously, State-Owned Enterprises Minister Rini Soemarno said the government would demand that state-owned aluminum firm PT Indonesia Asahan Alumnium (Inalum) acquire Freeport’s shares, but the government is also considering the option of establishing a consortium to buy the shares.
Currently, the government owns 9.4 percent of Freeport. The company is required to divest another 41.6 percent of its shares to Indonesian entities. (bbn)
