Indonesia's stake in PTFI to rise 12 percentage points

Investment and Downstream Minister/Investment Coordinating Board (BKPM) Rosan Roeslani, who is also chief executive officer (CEO) of Daya Anagata Nusantara Investment Management Agency (BPI Danantara), revealed that Indonesia's state ownership of PT Freeport Indonesia (PTFI) shares will increase by 12 percentage points.

"I met with the [Freeport-McMoran] leadership, the CEO and the owner, directly in the US, and they have agreed to provide the 12 percent of [additional] share ownership free of charge. Alhamdulillah we have raised it gradually from a 10 percent [increase]." he said when met at the BKPM building in Jakarta Special Capital Region (DKI) on Sep. 30, 2025.

"They will build two universities to enhance the role of doctors. Two hospitals and two universities will be built in Papua," Rosan concluded.

The news about Indonesia increasing its stake in PTFI was previously conveyed by House of Representatives Commission VI Deputy Chair Andre Rosiade during a hearing by the House commission.

"I want to inform you that according to President Prabowo's order to Danantara, Insha Allah we will increase [Indonesia's] share in PTFI by 10-12 percentage points in October 2025. Thus, our current 51 percent stake in PTFI would reach 61 to 63 percent by October 2025," Andre explained on Sep. 29, 2025.

He emphasized that PTFI President Director Tony Wenas should attend a meeting with the House regarding the share divestment plan.

"This means there is no reason for the Freeport CEO not to attend the Commission VI hearing or other meetings with other House commissions because it is clear that the Indonesian government is PTFI's [controlling] shareholder," Andre concluded.