Indonesian President Joko Widodo plans to increase the government's stake in PT Freeport Indonesia to 61% by June 2024.

Indonesian President Joko Widodo aims to increase the government's stake in PT Freeport Indonesia, a leading mining company, to 61% by June 2024. This increase is expected to lead to stronger economic sovereignty and a higher dividend payout from the company, with 80% of Freeport's revenue going to the state. Currently, Indonesia owns 51% of the company's shares after negotiations.