The state-owned aluminum company now has the majority stake of 51.2 percent of the subsidiary of U.S. mining giant company Freeport McMoRan Copper & Gold.
"The majority 51.2 percent of PT Freeport is now in the hands of PT Inalum and the price has been fully paid." the President told reporters.
He described that day a historic moment after PT Freeport operates in Indonesia as from 1973.
Issues such as related to environment have been all settled with agreements , he said, adding, "it is left only for us to work."
Inalum already held 9.36 percent share of Freeport and it had to pay US$3.85 billion to raise the stake to 51.2 percent.
He said the Papua provincial administration was given a 10 percentage point of Inalum share of 51.2 percent.
Reporting by Bayu Prasetyo, A Saragih
Editing by Yoseph Hariyadi
Reporter: Antara
Editor: Fardah Assegaf
Copyright © ANTARA 2018
