Republic Indonesia Government through PT Inalum (Persero) signed the Head of Agreement (HoA) of PT Freeport Indonesia shares divestment with Freeport Mc Moran. The signing was done by President Director of PT Inalum (Persero), Budi Gunadi Sadikin with Freeport- McMoran CEO, Richard Adkerson on Thursday (12/7) at the Ministry of Finance. The signing was witnessed by SOE Minister Rini M Soemarno, Energy and Mineral Resources Minister Ignasius Jonan, Finance Minister Sri Mulyani, and Minister of Environment and Forestry Siti Nurbaya. Through the signing of HoA, Republic Indonesia Government, PT Inalum (Persero), Rio Tinto and Freeport – McMoran agreed to acquisition the 51% shares of PT Freeport Indonesia (PTFI) . The price of the PTFI shares divested is USD3.85 billion dollars or approximately Rp55,44 trillion. The terms of this agreement are in line with the agreement on 12th January 2018 between Indonesia Government, Provincial Government of Papua, and the Government of Mimika Regency, where the local government will get a 10% shares of PTFI’s share ownership. The divestment of 51% PTFI’s shares can be done in the end of July 2018. Later, the government will control Freeport Indonesia shares through PT Inalum which is the holding state-owned mining. (Photo : www.kemenkeu.go.id/ Agus_Biro KLI)