节点:中游(冶炼、中间品)位置:中游情绪:中性参考度:2/10


印尼业专家协会(Perhapi)预测,政府无需向印尼自由港公司(PTFI)注入新资本,以覆盖额外剥离12%股份完成后矿山的勘探与开发成本。Perhapi顾问委员会主席里扎尔·卡斯利(Rizal Kasli)表示,根据现行规则,所有矿业企业每年需预留充足资金用于后续勘探。若该规则严格执行,即便政府未来成为持股约63%的多数股东,也无需直接向自由港印尼追加资本。

不过里扎尔强调,这一情景仅在矿山勘探与开发需求未突然大幅激增时成立。他指出,勘探与开发成本按持股比例分摊,但印尼矿业法及政府条例均要求企业每年预留足够资金开展后续勘探。若规则落地,股东无需额外承担勘探成本,除非需求规模极大且公司现金不足以覆盖。里扎尔认为,印尼在自由港持股比例提升后,政府可从收入与股息中获得更多收益,且有望成为控股股东以掌控公司发展方向。

里扎尔还建议政府结合近期金价高企且预计持续上涨的情况,全面重新评估相关协...IUPK)延期及向政府额外剥离12%股份。根据MoU,2041年该12%股份将无偿转让给印尼矿产工业公司(MIND ID),但MIND ID需按账面价值补偿FCX 2041年后的投资支出。

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