Jakarta: State mining holding company PT Indonesia Asahan Alumunium (Inalum) reshuffled the management of PT Freeport Indonesia (PTFI) after acquiring a majority stake in the company.
"The new board of directors consists of four Indonesians and two foreign nationals," Inalum president director Budi Gunadi Sadikin told a press conference on Friday.
"PTFI is now owned by Inalum, Freeport McMoran and PT Indonesia Papua Metal dan Mineral," the Inalum boss said.
Grasberg is the largest gold mine and second largest copper mine in the world. It is located on the southern flanks of the Jayawijaya Mountain in the Mimika Regency of the Province of Papua.
"Inalum has acquired 51.2 percent stake in PT Freeport. It has completed the payment," President Joko "Jokowi" Widodo told reporters earlier today
"Papua will get 10 percent of PT Freeport's shares. Papua will also collect regional taxes," President Jokowi said.
Here are the new management of PTFI:
President director: Clayton Allen Wenas (Tony Wenas)
Vice president director: Orias Petrus Moedak
Director: Jenpino Ngabdi
Director: Achmad Ardianto
Director: Robert Charles Schroeder
Director: Mark Jerome Johnson
President commissioner: Richard Carl Adkerson
Vice president commissioner: Amin Sunaryadi
Commissioner: Budi Gunadi Sadikin
Commissioner : Hinsa Siburian
Commissioner : Kathleen Lynne Quirk
Commissioner : Adrianto Machribie