The mining holding company is set for acquiring 41.64% shares of Freeport Indonesia, to confirm the Indonesian government as the majority shareholder of 51%, at a cost of $5.8 billion without mine reserves or $15.9 billion (Rp212 trillion) with mine reserves, located in Grasberg, Papua. The Ministry of State-owned Enterprises (SoE) is awaiting the results of negotiations between the Ministry of Energy and Mineral Resources (ESDM) and Freeport McMoran about the value of Freeport shares, with or without mine reserves as a base for estimation.
