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Jadi Holding, Inalum Controls 65 Percent of Mining State-Owned Enterprise Shares

21/11/2017 11:07 WIB

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Inalum's Share Ownership in 3 State-Owned Mining Companies and Freeport

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Inalum's Share Ownership in 3 State-Owned Mining Companies and Freeport

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Indonesia Asahan Aluminium (Inalum) will become the holding company for State-Owned Enterprises (SOEs) in the mining sector. If this plan is completed, Inalum will become the controlling shareholder of PT Antam Persero Tbk (65 percent), PT Bukit Asam Persero Tbk (65 percent), and PT Timah Persero Tbk (65 percent). In addition, Inalum will also hold a 9.36 percent stake in PT Freeport Indonesia.

The assets of these three SOEs in the mining sector total Rp 61.81 trillion. Antam's assets reach Rp 30.67 trillion, Bukit Asam Rp 19.15 trillion, and Timah Rp 11.64 trillion.

Previously, the government officially issued Government Regulation Number 47 of 2017 concerning the Addition of State Capital Participation in Equity. The issuance of this regulation serves as the basis for the formation of the mining sector SOE holding company.

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."

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Jadi Holding, Inalum Controls 65 Percent of Mining State-Owned Enterprise Shares

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Jadi Holding, Inalum Controls 65 Percent of Mining State-Owned Enterprise Shares

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IDX Composite Weakens, Drops Below 8,600 (Tuesday, December 23, 2025)

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