BPJS Offered Freeport Divestment

BPJS Offered Freeport DivestmentTEMPO.CO, Jakarta - State Social Security Agency for Workers (BPJS Ketenagakerjaan) was one of the many that were invited to participate in executing Freeport Indonesia`s share divestment. The company’s President Director Agus Santoso met with State owned Entreprises Minister Rini Soemarno on Monday last week over the Freeport divestment.

Fajar Harry Sampurno, deputy of the Ministry’s mining, strategic industries, and media, has mapped-out the state agencies that will support the government’s attempts to take over Freeport’s 51 percent divestment.

BPJS Ketenagakerjaan is set to join the Indonesian Consortium that consists of Indonesia Asahan Aluminium (Inalum), Papua Provincial Government, and districts that are directly in contact with Freeport’s work area. The consortium stated that Inalum will receive 55 percent of the share, BPJS Ketenagakerjaan will receive 25 percent, and state officials will be given 20 percent.

The Indonesian Government currently has taken over 9.36 percent of Freeport Indonesia’s share. Meanwhile, referring to the Law on Minerals and Coal, the American-based mining company must let go of 51 percent of its share to the Indonesian government.

The stock purchase is prioritized for the central government, regional government, state owned companies, and lastly, national private enterprises.


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