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Jakarta (ANTARA News) - President Director of state coal mining company PT Batubara Bukit Asam Tbk (PTBA) Sukrisno said he was considering a purchase 9.36 percent of the shares of PT Freeport Indonesia.

"If possible we will even take over, but of course after studying the company`s financial report," Sukrisno said.

Freeport`s financial account may not always be good, "but if it is favorable to us may just do it," PT Aneka Tambang Tbk or Antam`s president director Alwinsyah Lubis said on the sidelines of a meeting between the State Minister for State Enterprises and the Public Policy Committee themed Setting the Political Economy and State Enterprises` Prospects, in Jakarta Tuesday.

Earlier, State Enterprises Minister Mustafa Abubakar said he will encourage the state mining company to buy 9.36 percent of Freeport shares.

In the meantime, Alwinsyah Lubis said he was still expecting directions from the government in the acquisition of 9.36 percent of the shares of PT Freeport Indonesia.
"If the government supports the state mining company to join Freeport we would be very happy," Alwinsyah said.

He said that money is no problem.

But he added that a comprehensive study would be necessary before joining Freeport, so that the purchase would not be made this year.

"This year we are focusing on the construction of a chemical grade alumina plant Takhyan, and a power plant in Pomala, South Sulawesi," he said.

He said that the funding of the two projects is expected to be secured this year from the Japan Bank for International Cooperation (JBIC).

Another state mining company who has also been nominated by the government to join Freeport was state tin company PT Timah Tbk. (*)

Editor: B Kunto Wibisono

COPYRIGHT © 2010

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