Indonesia's Freeport Stake Acquisition Nears Completion

Divestment Process Update

The Indonesian government's acquisition of an additional 12% stake in PT Freeport Indonesia (PTFI) is entering its final stages, according to recent statements from key officials ¹

Key Details of the Acquisition

1. Stake Acquisition Percentage: The government is set to acquire an additional 12% stake in PTFI ¹
   Source 1

   https://finance.detik.com/energi/d-8264789/rosan-soal-rencana-tambah-saham-12-di-freeport-tinggal-finalisasi
   .
2. Cost Implications: The acquisition is structured as cost-free for the government ¹
   Source 1

   https://finance.detik.com/energi/d-8264789/rosan-soal-rencana-tambah-saham-12-di-freeport-tinggal-finalisasi
   , maintaining consistency with previous government statements about the divestment strategy.
3. Current Status: The process is described as being in its finalization stage, with all major aspects already settled ¹
   Source 1

   https://finance.detik.com/energi/d-8264789/rosan-soal-rencana-tambah-saham-12-di-freeport-tinggal-finalisasi
   ²
   Source 2

   https://industri.kontan.co.id/news/divestasi-tambahan-saham-freeport-ke-pemerintah-masuki-tahap-finalisasi
   .
4. Mining Contract Extension: Freeport Indonesia's CEO Tony Wenas mentioned that discussions include extending the mining contract until the end of the mine's life ²
   Source 2

   https://industri.kontan.co.id/news/divestasi-tambahan-saham-freeport-ke-pemerintah-masuki-tahap-finalisasi
   .

Implications and Next Steps

The successful completion of this divestment will increase Indonesia's ownership in PTFI, aligning with the country's long-term resource nationalization strategy. The process demonstrates the government's commitment to increasing local control over major natural resources while maintaining investor confidence through structured negotiations.