Indonesia aiming to increase state ownership of Freeport Indonesia by more than 10%, minister says

Trainee at PT Freeport Indonesia on an Immersive Technologies IM360 simulator with LHD R1600G Conversion Kit(R) (Image: Freeport Indonesia) The Indonesian government is aiming to increase the state share of the copper and gold miner PT Freeport Indonesia by more than 10%, the country's mining minister Bahlil Lahadalia said on Monday. Indonesia has flagged its interest in gaining more control over Freeport Indonesia in recent years, with Bahlil saying that it would be a condition for Freeport to extend its mining permit beyond 2041.

(Reporting by Stefanno Sulaiman; Writing by Fransiska Nangoy; Editing by David Stanway)