This The Freeport Reason Offer Price Shares of USD 1.7 Billion
This The Freeport Reason Offer Price Shares of USD 1.7 Billion
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JAKARTA - PT Freeport Indonesia reveal basis of calculation in determining the offering price to the government with a value USD 1,7 billion or equivalent to Rp 23.5 trillion (rupiah Rp13.800 / USD) for the portion of 10.64 percent. Previously, some people assessing the price offered in the Freeport divestment obligations (stock reduction) is unrealistic and too expensive.
Director and Executive Vice President of Freeport Indonesia, Clementino Lamury argued that the proposed offer price is based on the assumption of an extension it will be obtained Freeport operation after 2021. In fact, the current government has not stated that the mining company from the United States would get an extension operation after 2021
"So does the stock price that we offer it assumes the extension of operations after 2021," he said in a hearing (RDP) with the House of Representatives Commission VII of the House of Representatives / People's Consultative Assembly, Jakarta, Wednesday (20/1).
Moreover, on which the price of such shares is an investment that has been issued Freeport of USD4,3 billion for underground mining (underground mining), as well as investment plans which will be issued from today until the contract ends in 2021.
"Our investment in underground mines USD4,3 billion and $ 15 billion investment plan from now until 2021," he said.
Earlier, Energy Watch Indonesia (EWI) to assess the price of shares offered Freeport unreasonable. Because the price of USD1,7 billion was considered too high for the company's stock price Uncle Sam's country of origin are being dropped in the stock market world.
Executive Director EWI, Hutahaean Ferdinand said Freeport McMoran shares in global stock markets fell by more than 20% to $ 4 per share. Thus, for the 10.64% stake it should cost only about $ 500 million.
"We ask the government to evaluate and if necessary refuse. Because too baseball reasonable even too high. Shares of Freeport were down 20% to $ 4 per share," said Ferdinand.
Director and Executive Vice President of Freeport Indonesia, Clementino Lamury argued that the proposed offer price is based on the assumption of an extension it will be obtained Freeport operation after 2021. In fact, the current government has not stated that the mining company from the United States would get an extension operation after 2021
"So does the stock price that we offer it assumes the extension of operations after 2021," he said in a hearing (RDP) with the House of Representatives Commission VII of the House of Representatives / People's Consultative Assembly, Jakarta, Wednesday (20/1).
Moreover, on which the price of such shares is an investment that has been issued Freeport of USD4,3 billion for underground mining (underground mining), as well as investment plans which will be issued from today until the contract ends in 2021.
"Our investment in underground mines USD4,3 billion and $ 15 billion investment plan from now until 2021," he said.
Earlier, Energy Watch Indonesia (EWI) to assess the price of shares offered Freeport unreasonable. Because the price of USD1,7 billion was considered too high for the company's stock price Uncle Sam's country of origin are being dropped in the stock market world.
Executive Director EWI, Hutahaean Ferdinand said Freeport McMoran shares in global stock markets fell by more than 20% to $ 4 per share. Thus, for the 10.64% stake it should cost only about $ 500 million.
"We ask the government to evaluate and if necessary refuse. Because too baseball reasonable even too high. Shares of Freeport were down 20% to $ 4 per share," said Ferdinand.
(rnz)
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