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House of Representatives Vice Chairman Fahri Hamzah said the government has the potential to deceive the public because it claims to have controlled 51 percent of PT Freeport Indonesia shares.
According to him, the government’s move to divest PT Freeport Indonesia is still a preliminary agreement.
“It could be a public lie,” he said at the Parliament Building, Jakarta, Friday (10/7).
Fahri said the government’s lies are also linked to PT Freeport Indonesia’s divestment fund. He said the government does not have the budget to buy the shares.
State-owned mining holding company Inalum now owns a 51 percent from the previous figure of 9.36 share of gold and copper miner PT Freeport Indonesia after years of “tough” negotiations, President Joko “Jokowi” Widodo announced on Thursday.
Previously, US mining giant Freeport McMoRan Inc. (FCX), a parent company of PT Freeport Indonesia, owned 90.64 percent of PT Freeport Indonesia’s shares. Jokowi said the completion of Freeport’s divestment was a breakthrough for Indonesia, because the country could now enjoy more taxes, royalty and dividends from the company