Jakarta, Sept. 16 -- Energy and Mineral Resources Minister Bahlil Lahadalia stated that the Indonesian government may increase its stake in PT Freeport Indonesia beyond 61 percent, as negotiations suggest it could acquire more than the earlier 10 percent target.

Since 2018, the Indonesian government has held a 51.23 percent stake in PT Freeport Indonesia and is now looking to increase its ownership further. Meanwhile, Freeport-McMoRan Copper & Gold Inc. holds the remaining 48.77 percent.

"I was summoned by the president to be enquired about the Freeport deal, and we had agreed to acquire another 10 percent of its ownership. However, ongoing negotiations indicated that we, God willing, could acquire more than that," Lahadalia stated afte...