State-Owned Enterprises Minister Erick Thohir. (SP Photo/Joanito De Saojoao)

Orias Moedak Named New Mining Czar, Rudiantara New PLN Chief

BY :WHISNU BAGUS PRASETYO

NOVEMBER 25, 2019

Jakarta. The government named Orias Petrus Moedak on Monday as the new president director of state-owned mining holding company Indonesia Asahan Aluminum and appointed Rudiantara, the former communication and information technology minister, as president director of state utility firm Perusahaan Listrik Negara.

The appointments were part of State-Owned Enterprises Minister Erick Thohir's drastic reorganization of more than 100 state-owned enterprises during his first month in office. 

In Orias, Erick said he had found a man who he thought could spearhead government efforts to exert more control of the country's mining resources.  

"Mr. Budi Sadikin had laid the foundation for keeping a tight rein on the mining industry and increasing synergy between stakeholders," Erick said in a statement, referring to the former Inalum president director, who now serves as his deputy.

"I hope Mr. Orias can take on the same mantle and reach the targets we've set out, especially in downstreaming raw materials and creating world-class mining companies," Erick said.  

Orias was born in Kupang on Aug. 26, 1967. He built his career in several state-owned enterprises, including as finance director of port operator Pelabuhan Indonesia II, as chief financial officer of Inalum and lastly as deputy president director of Freeport Indonesia, the country's largest gold miner. 

During his time at Inalum, Orias was deeply involved in the government takeover of 51 percent of Freeport Indonesia's shares. He later moved to the miner, where he took charge of finding and securing funds for Freepot's $3.1 billion not-so-economical copper smelter. 

Orias' immediate task at Inalum is to see through another major government takeover of a previously foreign-owned company: spending $500 million to take over 20 percent of the shares in Vale Indonesia, the country's largest nickel miner, which is at the center of the country's ambition to become the world's main electric vehicle battery producer.

Erick said he hoped Orias could continue the clean governance that Budi had laid down in Inalum.

"I've asked Mr. Orias to continue to maintain good corporate governance in Inalum, which has been excellent so far," the minister said. 

Inalum rebranded its trade name as Mining Industry Indonesia (MIND ID) early this year. It now controls listed gold miner Antam, listed coal miner Bukit Asam, tin miner Timah and Freeport Indonesia.

Rudiantara

Meanwhile, news of Rudiantara's appointment as the new president director of Perusahaan Listrik Negara (PLN), came from the State Palace. 

"Hopefully, [Rudiantara's] inauguration will take place soon. I just signed off on it," Cabinet Secretary Pramono Anung said on Monday, adding that it was President Joko "Jokowi" Widodo himself who led the final assessment for the former minister.

Rudiantara was the communication and information technology minister in Jokowi's first cabinet.

But this would not be the veteran bureaucrat's first assignment with PLN. Rudiantara served as the deputy president director of the utility company from 2008 to 2009, when he spearheaded PLN's massive funding effort to finance its 10,000-megawatt power plant projects. He resigned after finishing the task. 

 

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