Perusahaan Perseroan, PT Aneka Tambang Tbk., PT Timah Tbk, PT Indonesia Asahan Aluminium and PT Bukit Asam Tbk cancelled the acquisition of 10.64% stake in PT Freeport Indonesia from Freeport-McMoRan Inc..
March 22, 2018
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Perusahaan Perseroan (Persero), PT Aneka Tambang Tbk., PT Timah (Persero) Tbk (JKSE:TINS), PT Indonesia Asahan Aluminium (Persero) and PT Bukit Asam (Persero) Tbk (JKSE:PTBA) agreed to acquire 10.64% stake in PT Freeport Indonesia from Freeport-McMoRan Inc. (NYSE:FCX) on January 15, 2016. PT Indonesia Asahan Alumunium and PT Aneka Tambang Tbk would seek funds from international financial institutions to help fund the purchase. The transaction is subject to approval of finance ministry and energy and mineral resources. PT Bahana Securities and PT Danareksa Sekuritas acted as financial advisors on the transaction.
Perusahaan Perseroan (Persero), PT Aneka Tambang Tbk., PT Timah (Persero) Tbk (JKSE:TINS), PT Indonesia Asahan Aluminium (Persero) and PT Bukit Asam (Persero) Tbk (JKSE:PTBA) cancelled the acquisition of 10.64% stake in PT Freeport Indonesia from Freeport-McMoRan Inc. (NYSE:FCX) on March 23, 2018.
PT Bukit Asam Tbk is engaged in coal mining and related activities. The Company is involved in the general surveying, exploration, exploitation, processing, refining, transportation and trading, and management of special coal port facilities for internal and external needs. Its segments include the coal mining segment and other segments. Its coal mining segment includes mining business permits (IUP) of approximately 68,777 hectares (ha) in several locations that have coal reserves. It owns several mines spread across South Sumatra Province, West Sumatra Province, and Riau Province. The other segment includes electricity generation, investment or holding (plantation and hospital services), transportation, and warehousing (especially for port services). It also engaged in the operation of steam power plants for internal and external needs and the provision of consulting services related to the coal mining industry as well as its derivative products, and plantation development activities.
Perusahaan Perseroan, PT Aneka Tambang Tbk., PT Timah Tbk, PT Indonesia Asahan Aluminium and PT Bukit Asam Tbk cancelled the acquisition of 10.64% stake in PT Freeport Indonesia from Freeport-McMoRan Inc..
PT BUKIT ASAM TBK 
