"They will sell around 10 percent stake, formerly the share of Indocopper, to the government and 5 percent stake to the public," Hidayat said after a meeting with the leaders of the company here on Friday.
Either the central government, the regional administration or state company will buy the 10 percent stake formerly owned by Indocopper Investama, he said.
"The government already has almost 10 percent stake (in Freeport Indonesia). The share sales are arranged in its contract of work," he said.
Currently Freeport Indonesia is 9.36 percent owned by the government, with the rest owned by Freeport MacMoran Copper & Gold Corporation.
(H-ASG/B003)
Reporter: Vicki Febrianto
Editor: Jafar M Sidik
Copyright © ANTARA 2013
