TEMPO.CO, Jakarta - State Owned Enterprise Minister Rini Soemarno explained that she has discussed Freeport Indonesia`s acquisition value with Freeport McMoran Head Executive Richard Adkerson.
“The final negotiation was US$3 billion and almost touching US$4 billion (Rp56 trillion), it’s still being finalized,” said Minister Rini at her house on Saturday, June 30.
She further explained that the finalization will likely be complete within the next two weeks, which will focus on the discussion related to environmental financial issues.
Minister Rini said she has already reported the value of the acquisition to President Joko ‘Jokowi’ Widodo before the Eid al-Fitr day in mid-June. The rest will focus on the detailed agreement between both sides and crucially about the way the partnership should be handled professionally and transparently.
“On how to maintain it in an apparent way that it does not intervene with the government and is truly managed transparently,” said Rini.
Previously, the Minister of Energy and Mineral Resources Ignasius Jonan held a closed meeting with Freeport CEO Richard Adkerson at the Four Seasons Hotel in Washington on Monday noon local time.