Process Believed Still Long
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Although PT Freeport Indonesia's divestment agreement is targeted to be reached in April 2018, the process until completion of the execution is expected to be long. Vice Chairman of Commission VII of the House of Representatives (DPR) Satya Widya Yudha said the divestment process is different from just buying the right of participation alone. The process is also expected to be long.
"The process is still long. Let's wait. What is clear, the divestment process is different from buying participating interest, "he said
In the ongoing negotiations, PT Inalum (Persero) plans to buy Rio Tinto's participation rights at 40% in Freeport Indonesia, which will be converted into shares. If Inalum is officially a shareholder of Freeport Indonesia, big challenges have been waiting for the next few years.
Richard C. Adkerson
CEO of Freeport-McMoRan Inc., Freeport's parent company, Richard C. Adkerson stated that mining at the Grasberg open pit has entered a very last phase. That is, in the next two to three years, Freeport Indonesia's production will decline with the end of mining at the Grasberg open pit.
the largest gold mine in the world
the Grasberg open pit
the Grasberg open pit
The process of transitioning to underground mines will also increase production gradually. Meanwhile, investment in underground mining development will still be high. Freeport Indonesia spokesman Riza Pratama said the negotiations related to the purchase of participating interest to be converted in advance into the shares does not involve it.
IN INDONESIA
Proses Diyakini Masih Panjang
Kendati kesepakatan divestasi PT Freeport Indonesia ditargetkan tercapai pada April 2018, prosesnya hingga selesai dieksekusi diperkirakan masih panjang. Wakil Ketua Komisi VII Dewan Perwakilan Rakyat (DPR) Satya Widya Yudha mengatakan proses divestasi tersebut berbeda dengan hanya membeli hak partisipasi saja. Prosesnya pun diperkirakan masih panjang.
“Prosesnya masih panjang. Kita Tunggu saja. Yang jelas, proses divestasi itu berbeda dengan membeli participating interest," katanya
Adapun dalam perundingan yang sedang berlangsung, PT Inalum (Persero) berencana membeli hak partisipasi Rio Tinto sebesar 40% di Freeport Indonesia yang akan dikonversi terlebih dahulu menjadi saham. Apabila Inalum resmi menjadi pemegang saham Freeport Indonesia, maka tantangan besar telah menanti untuk beberapa tahun ke depan.
CEO Freeport-McMoRan Inc., induk usaha Freeport Indonesia, Richard C. Adkerson menyatakan penambangan di tambang terbuka Grasberg telah memasuki fase yang sangat akhir. Artinya, dalam dua hingga tiga tahun ke depan, produksi Freeport Indonesia akan turun seiring berakhirnya penambangan di tambang terbuka Grasberg.
Proses transisi ke tambang bawah tanah pun akan menaikkan produksi secara bertahap. Sementara itu, investasi pengembangan tambang bawah tanah pun masih akan tinggi. Juru Bicara Freeport Indonesia Riza Pratama mengatakan negosiasi terkait pembelian hak partisipasi yang akan dikonversi terlebih dahulu menjadi saham tersebut tidak melibatkan pihaknya.
Bisnis Indonesia, Page-30, Monday, March 12, 2018
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