KONTAN.CO.ID - JAKARTA. President Joko “Jokowi” Widodo has called on the public not to underestimate the recent deal agreed between the government and US mining giant Freeport-McMoRan, which he believes is a breakthrough in the final stages toward divesting 51 percent of PT Freeport Indonesia's (PTFI) shares. The President was referring to the heads of agreement (HoA) that the government, represented by state-owned mining holding company PT Indonesia Asahan Aluminium (Inalum), had signed on July 12 with Freeport-McMoRan. “This was [the result of] a long process that took three and a half to four years to complete, and it was a tough negotiation. Hence, the HoA is big step [toward divestment] and we should be grateful,” he said on Monday at the State Palace in Jakarta.
HoA with Freeport is big step, Jokowi argues against critics
KONTAN.CO.ID - JAKARTA. President Joko “Jokowi” Widodo has called on the public not to underestimate the recent deal agreed between the government and US mining giant Freeport-McMoRan, which he believes is a breakthrough in the final stages toward divesting 51 percent of PT Freeport Indonesia's (PTFI) shares. The President was referring to the heads of agreement (HoA) that the government, represented by state-owned mining holding company PT Indonesia Asahan Aluminium (Inalum), had signed on July 12 with Freeport-McMoRan. “This was [the result of] a long process that took three and a half to four years to complete, and it was a tough negotiation. Hence, the HoA is big step [toward divestment] and we should be grateful,” he said on Monday at the State Palace in Jakarta.