Jakarta, Sept. 26 -- Minister of Energy and Mineral Resources (ESDM) Bahlil Lahadalia is targeting a final decision on the divestment of PT Freeport Indonesia (PTFI) shares in early October 2025.

"I plan to hold final negotiations with Freeport in early October," Lahadalia said at the office of the ESDM Ministry in Jakarta on Friday.

The divestment, which is in accordance with Government Regulation (PP) Number 25 of 2024, is one of Freeport's requirements for extending its Special Mining Business Permit (IUPK) for Production Operation, which is scheduled to expire in 2041.

The regulation states that an IUPK for Production Operation can be extended after meeting several criteria, one of which is entering into a non-dilutive share sale a...