Jakarta –
SOE Minister Erick Thohir said PT Vale Indonesia Tbk had been operating in Indonesia for a long time. However, the company did not accelerate its investment in the country and only did so when nickel became the prima donna.
This was Erick’s response when asked about the desire of the BUMN MIND ID mining holding to become the controlling shareholder.
“Yes, that’s all still in discussion, but of course when Vale has been in Indonesia for a long time, it doesn’t accelerate its investment, only now when nickel explodes, it’s new,” he said at the Ministry of SOEs Jakarta, Monday (17/7/2023).
“Try it from the beginning like that. We have been hampered for decades downstreaming, we sent raw goods to the whole world. When will we be rich? So don’t come back when the momentum is big, just competing, so there’s no commitment. Right, we have to also have targets for our nation,” continued Erick Thohir.
Erick Thohir said that his party wanted to have a bigger portion in Vale Indonesia. Thus, Indonesia has a mining company that is on par with other mining companies.
“We want Vale to have a bigger portion, and there is a relinquish, so that it is also on par with other mining companies. But this is still being negotiated, isn’t it,” he said.
Erick also confirmed that SOEs are ready to take Vale shares. Moreover, he said, BUMN now have money.
“Yes, whatever it is. BUMN have money. Don’t say BUMN don’t have money now. We have a net income of approximately Rp. 250 trillion. So there is money,” said Erick.
(acd/rrd)
2023-07-17 12:00:27
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