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Govt Urged to Quickly Buy Freeport Share Divestment

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6 December 2015 12:32 WIB

Freeport mining in Indonesia. ANTARA/Spedy Paereng

TEMPO.CO, Jakarta - Director of Indonesian Resources Studies (IRES) Marwan Batubara said that the government should buy share divestment of PT Freeport Indonesia.

"The government should buy it now when the prices are low. Imagine, in 2011, the price was US$ 60, now it is only US$ 7,85 per share," Marwan said in Jakarta on Saturday (5/12).

He also said that the government should not make excuses because the government can look for funding from foreign loans.

Marwan also believed that in Freeport case, the public will not opposed to the reason the government seeks foreign loans to buy shares of the US mining giant.

Besides, he added, the reason is to maintain the government’s sovereignty in accordance with the mandate of Article 33 of the 1945 Constitution.

According to Marwan, if the government does not take action, in the next three months, Freeport will sell its shares through the initial public offering (IPO).

MAWARDAH NUR HANIFIYANI




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