lnalum will review the acquisition of 4 mining companies
2:44 PM
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PT Inalum (Persero) will review the acquisition of four mining companies' shares released through the divestment scheme. The four mining companies that will divest are PT Nataran Mining, PT Galuh Cempaka, PT Kasongan Bumi Kencana, and Ensbury Kalteng Mining.
However, currently the Mining Industry Holding is focused on the study of divestment of PT Vale Indonesia Tbk, considering that the Ministry of BUMN has first assigned the lnalum to carry out the study.
Deputy Minister of Mining, Strategic Industry and Media Ministry of State Enterprises Fajar Harry Sampurno said the acquisition of shares depends on the results of the study. But until now there has been no assignment for Inalum to conduct a study of the four mining companies.
"First, the lnalum also wants it if it's good. We first review it, if Inalum focuses on Vale, "said Fajar some time ago.
Fajar has not explained what the results of the study from Vale have been. But he said the process of acquiring Vale's 20% stake would not take long that happened to the divestment of PT Freeport Indonesia.
Because the Freeport divestment is related to other negotiations in preparing a Business License Special Mining (IUPK). While Vale already has a smelter, it is different from Freeport which has to build a copper cathode smelter.
"So Vale lives with price valuations and negotiations," he said.
Director of ESDM Ministry of Mineral Business Development Yunus Saefulhak previously said that the four companies had matured to offer the release of shares through divestment. It's just that he doesn't remember in detail when the divestment is due. His party has also conveyed formally through a letter so that the company will immediately submit an offer.
Yunus explained, from the four companies, one company had expressed their willingness to divest Nataran Mining. He hopes that the other three mining companies will immediately determine their attitude.
In addition, he revealed, Vale has already conveyed the desire to divest. It's just that Vale's obligations have not yet matured. Therefore, stock valuations are first carried out for the other four mining companies.
He said, the valuation of shares would be carried out in April. Currently technical guidance is being prepared to calculate the shares. The valuation scheme can refer to the PT Freeport Indonesia's stock calculation model, which uses a fair market value scheme. But the scheme only calculates mineral reserves that can be produced until the mining concession period.
The four companies must release some of their shares this year. Nataran Mining, located in Tanggamus, Lampung is required released 21% of the shares. Next, Galuh Cempaka must release 17%. The diamond mining company is located in Banjarbaru, Banjarmasin, South Kalimantan Indonesia.
While Kasongan Bumi Kencana is required to divest 12%. The gold mining company is in Palangkaraya, Central Kalimantan. While Ensbury Kalfeng Mining in Kotawaringin, Central Kalimantan is required to divest 20%.
IN INDONESIA
lnalum akan Kaji Akuisisi Saham 4 Perusahaan Tambang
PT Inalum (Persero) akan mengkaji akusisi saham empat perusahaan tambang yang dilepas melalui skema divestasi. Adapun keempat perusahaan tambang yang akan divestasi itu yakni PT Nataran Mining, PT Galuh Cempaka, PT Kasongan Bumi Kencana, dan Ensbury Kalteng Mining.
Namun saat ini Holding Industri Pertambangan itu fokus pada kajian divestasi PT Vale Indonesia Tbk mengingat Kementerian BUMN sudah terlebih dahulu menugaskan lnalum melakukan kajian tersebut.
Deputi Bidang Usaha Pertambangan, Industri Strategis, dan Media Kementerian BUMN Fajar Harry Sampurno mengatakan, akuisisi saham tergantung dari hasil kajian. Namun hingga saat ini belum ada penugasan bagi Inalum untuk melakukan kajian bagi empat perusahaan tambang tersebut.
“Dikaji dulu lah, lnalum juga mau kalau bagus. Pokoknya kami kaji dulu, kalau Inalum fokus kepada Vale,” kata Fajar beberapa waktu lalu.
Fajar belum menjelaskan seperti apa hasil kajian dari Vale. Namun dia menyebut proses akuisisi 20% saham Vale tidak akan memerlukan waktu lama seperti yang terjadi pada divestasi PT Freeport Indonesia. Pasalnya, divestasi Freeport memiliki keterkaitan dengan perundingan lain dalam menyusun Izin Usaha Pertambangan Khusus (IUPK). Sementara Vale sudah memiliki smelter, berbeda dengan Freeport yang harus membangun smelter katoda tembaga.
“Jadi Vale tinggal valuasi harga dan negosiasi,” ujarnya.
Direktur Pembinaan Pengusahaan Mineral Kementerian ESDM Yunus Saefulhak sebelumnya mengatakan, keempat perusahaan itu sudah jatuh tempo untuk menawarkan pelepasan saham melalui divestasi. Hanya saja dia tidak ingat secara rinci kapan jatuh tempo divestasi tersebut. Pihaknya pun telah menyampaikan secara resmi melalui surat agar perusahaan tersebut segera menyampaikan penawaran.
Yunus menerangkan, dari keempat perusahaan itu, satu perusahaan sudah menyampaikan kesediaan melakukan divestasi yakni Nataran Mining. Dia berharap tiga perusahaan tambang lainnya segera menentukan sikap. Selain itu, dia mengungkapkan, Vale Sudah menyampaikan keinginan divestasi. Hanya saja kewajiban Vale belum jatuh tempo. Oleh sebab itu valuasi saham terlebih dahulu dilakukan untuk keempat perusahaan tambang lainnya.
Dikatakannya, valuasi saham tersebut bakal dilakukan pada April mendatang. Saat ini sedang disiapkan petunjuk teknis untuk menghitung saham tersebut. Skema valuasi bisa merujuk pada model perhitungan saham PT Freeport Indonesia, yakni menggunakan skema harga pasar yang wajar (fair market value). Namun skema tersebut hanya menghitung cadangan mineral yang bisa diproduksi hingga masa konsesi tambang.
Keempat perusahaan itu harus melepas sebagian sahamnya pada tahun ini. Nataran Mining yang terletak di Tanggamus, Lampung diwajibkan melepas 21% saham. Berikutnya, Galuh Cempaka wajib melepas 17%. Perusahaan tambang intan itu terletak di Banjarbaru, Banjarmasin, Kalimantan Selatan Indonesia.
Sementara Kasongan Bumi Kencana diwajibkan divestasi sebesar 12%. Perusahaan tambang emas itu berada di Palangkaraya, Kalimantan Tengah. Sedangkan Ensbury Kalfeng Mining di Kotawaringin, Kalimantan Tengah diwajibkan divestasi sebesar 20%.
Investor Daily, Page-9, Saturday, March 23, 2019
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