Inalum: Rio Tinto Price US $ 3.3 Billion
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PT Indonesia Asahan Aluminum (Inalum) has denied a bid of US $ 550 million for Participating Interest (PI) 40% Rio Tinto at the Grasberg mine in Papua. Until now, negotiations are still ongoing. President Director Inalum, Budi Gunadi Sadikin said, as a buyer, Inalum will offer the price with cheaply, otherwise as a seller of Rio Tinto also provide a high price.
He said, for 40% PI valuation range can already be known from the analysis of Deutsche Bank assigned by Rio Tinto. The participating interest price is 40 percent worth US $ 3.3 billion or around Rp 45.5 trillion at the current exchange rate. This count, said Budi also resembles the HSBC count, Morgan Stanley also has calculated the price range of 40% PI Rio Tinto.
"We are negotiating, we can not discuss, but the price range already exists," said Budi. Budi is still reluctant to give exact figures the price of participating tnterest that InaIum wants.
Budi also still refused to inform Inalum's meeting with Rio Tinto against the valuation price.
"It can not be discussed, but it is appropriate," he said.
What is clear, Inalum is optimistic that the purchase of the 51% divestment of Freeport Indonesia, can be completed this April 2018. Moreover, Budi claims Freeport has also agreed to change the right of PI Rio Tinto to a stake in Freeport.
In order to become a majority, the government will also acquire Indocopper shares in Freeport 9.36%. Freeport Indonesia spokesman Riza Pratt said that Freeport McMoRan (FCX) will hand over 5% shares remaining shares to InaIum as a divestment obligation.
"But the price is still negotiable," he said.
Riza gives an illustration, by the end of 2017, Indonesia including the Government of Papua Province and the Government of Mimika Regency and Inalum agreed to form a company to obtain the ownership of the Grasberg project. He said the FCX was involved in a discussion about the Inalum's 51% demotion in the way that all parties accepted.
The talks also include FCX's continuation in Freeport Indonesia's operations and business governance. According to Riza, the parties continue to negotiate documentation on the overall agreement for the extension of PT FI's operations related to the time, process, and governance of the divestment.
IN INDONESIA
"We are negotiating, we can not discuss, but the price range already exists," said Budi. Budi is still reluctant to give exact figures the price of participating tnterest that InaIum wants.
Budi also still refused to inform Inalum's meeting with Rio Tinto against the valuation price.
"It can not be discussed, but it is appropriate," he said.
What is clear, Inalum is optimistic that the purchase of the 51% divestment of Freeport Indonesia, can be completed this April 2018. Moreover, Budi claims Freeport has also agreed to change the right of PI Rio Tinto to a stake in Freeport.
In order to become a majority, the government will also acquire Indocopper shares in Freeport 9.36%. Freeport Indonesia spokesman Riza Pratt said that Freeport McMoRan (FCX) will hand over 5% shares remaining shares to InaIum as a divestment obligation.
"But the price is still negotiable," he said.
Riza gives an illustration, by the end of 2017, Indonesia including the Government of Papua Province and the Government of Mimika Regency and Inalum agreed to form a company to obtain the ownership of the Grasberg project. He said the FCX was involved in a discussion about the Inalum's 51% demotion in the way that all parties accepted.
The talks also include FCX's continuation in Freeport Indonesia's operations and business governance. According to Riza, the parties continue to negotiate documentation on the overall agreement for the extension of PT FI's operations related to the time, process, and governance of the divestment.
IN INDONESIA
Inalum: Harga Rio Tinto US$ 3,3 Miliar
PT Indonesia Asahan Aluminium (Inalum) membantah telah menawar US$ 550 juta untuk Participating Interest (PI) 40% Rio Tinto di tambang Grasberg Papua. Hingga saat ini, negosiasi masih berlangsung. Direktur Utama Inalum, Budi Gunadi Sadikin mengatakan, sebagai pembeli, Inalum akan menawarkan harga dengan semurah-murahnya, sebaliknya sebagai penjual yaitu Rio Tinto juga memberikan harga yang juga tinggi.
Dia bilang, untuk rentang harga valuasi PI 40% sudah bisa diketahui dari hasil analisa Deutsche Bank yang ditugaskan oleh Rio Tinto. Harga participating interest 40% senilai US$ 3,3 miliar atau sekitar Rp 45,5 triliun dengan kurs saat ini. Hitungan ini, kata Budi juga mirip hitungan HSBC, Morgan Stanley juga sudah menghitung range harganya 40% PI Rio Tinto.
"Kami sedang melakukan negosiasi, kami tidak bisa membicarakan, tapi range harga sudah ada," ujar Budi. Budi masih enggan memberikan angka pasti harga participating tnterest yang diinginkan InaIum.
Budi juga masih menolak memberitahu pertemuan Inalum dengan Rio Tinto terhadap harga valuasi.
"Itu tidak bisa dibicarakan, tapi sudah sesuai," ungkapnya.
Yang jelas, Inalum optimistis pembelian divestasi saham 51% Freeport Indonesia, bisa diselesaikan April 2018 ini. Apalagi, klaim Budi, Freeport juga sudah sepakat mengubah hak PI Rio Tinto menjadi saham di Freeport.
Agar bisa menjadi mayoritas, pemerintah juga akan mengakuisisi saham Indocopper di Freeport 9,36%. Juru Bicara Freeport Indonesia, Riza Pratama rnengatakan pihak Freeport McMoRan (FCX) akan menyerahkan saham sisa saham 5% ke InaIum sebagai kewajiban divestasi.
"Tapi harganya masih dinegosiasikan," ujarnya.
Riza memberikan gambaran, akhir 2017, Indonesia termasuk Pemerintah Provinsi Papua dan Pemerintah Kabupaten Mimika dan Inalum setuju membentuk perusahaan untuk memperoleh kepemiIikan proyek Grasberg. Dia bilang, FCX terlibat dalam diskusi terkait tatacara Inalum mengempir 51% dengan cara yang diterima semua pihak.
Pembicaraan juga termasuk kelanjutan FCX dalam operasi dan tata kelola bisnis Freeport Indonesia. Menurut Riza, para pihak terus merundingkan dokumentasi atas kesepakatan menyeluruh bagi perpanjangan operasi PT FI terkait waktu, proses, dan tata kelola divestasi.
Kontan, Page-14, Thursday, March 22, 2018
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