KONTAN.CO.ID - JAKARTA. Tony Wenas, the President Director of PT Freeport Indonesia (PTFI), has stated that the ongoing discussions regarding the Indonesian government's increased stake in Freeport are still in progress and will require more time. "This process involves bureaucratic and administrative procedures, and the revision of Government Regulation (PP) 96 is also necessary. All of these steps take time, but hopefully, they can be resolved," Wenas said in Jakarta, as quoted by Antara on Thursday (April 10, 2024). Wenas explained that the increase in shares necessitates a revision of Government Regulation (PP) No. 96 of 2021 on the Implementation of Mineral and Coal Mining Business Activities.
Freeport Responds to Indonesian Government's Demand for 61% Share Ownership Control
KONTAN.CO.ID - JAKARTA. Tony Wenas, the President Director of PT Freeport Indonesia (PTFI), has stated that the ongoing discussions regarding the Indonesian government's increased stake in Freeport are still in progress and will require more time. "This process involves bureaucratic and administrative procedures, and the revision of Government Regulation (PP) 96 is also necessary. All of these steps take time, but hopefully, they can be resolved," Wenas said in Jakarta, as quoted by Antara on Thursday (April 10, 2024). Wenas explained that the increase in shares necessitates a revision of Government Regulation (PP) No. 96 of 2021 on the Implementation of Mineral and Coal Mining Business Activities.